Performance Shipping (NASDAQ:PSHG) Stock Rating Upgraded by Wall Street Zen

Performance Shipping (NASDAQ:PSHG) was upgraded by Wall Street Zen to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Shipping in a report on Wednesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Performance Shipping presently has a consensus rating of “Hold”.

Performance Shipping Trading Down 3.0%

Shares of NASDAQ:PSHG opened at $2.29 on Friday. The stock’s 50-day simple moving average is $2.11 and its two-hundred day simple moving average is $1.92. The stock has a market capitalization of $28.46 million, a price-to-earnings ratio of 1.71 and a beta of -0.31. Performance Shipping has a 52-week low of $1.30 and a 52-week high of $2.58. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.35 and a current ratio of 7.40.

Performance Shipping (NASDAQ:PSHG) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.14). The business had revenue of $18.54 million for the quarter, compared to analysts’ expectations of $18.60 million. Performance Shipping had a net margin of 65.40% and a return on equity of 17.24%.

Hedge Funds Weigh In On Performance Shipping

An institutional investor recently bought a new position in Performance Shipping stock. Citadel Advisors LLC acquired a new stake in shares of Performance Shipping Inc. (NASDAQ:PSHG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 110,439 shares of the company’s stock, valued at approximately $209,000. Citadel Advisors LLC owned 0.89% of Performance Shipping at the end of the most recent reporting period. 19.90% of the stock is currently owned by hedge funds and other institutional investors.

Performance Shipping Company Profile