Diana Shipping (NYSE:DSX) Receives Sell (D) Rating from Weiss Ratings

Key Points

• Diana Shipping's stock received a reaffirmed "sell (D)" rating from Weiss Ratings, indicating a negative outlook for investors.
• Wall Street Zen also downgraded the stock from a "hold" to a "sell" rating, contributing to an average rating of "sell" across analysts.
• The company's latest quarterly earnings report showed a net margin of 9.36%, with revenue surpassing expectations at $54.69 million.

Diana Shipping (NYSE:DSX - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of Diana Shipping from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of "Sell".

Diana Shipping Stock Performance

Shares of NYSE:DSX traded up $0.02 during midday trading on Friday, reaching $1.71. The company's stock had a trading volume of 209,435 shares, compared to its average volume of 312,046. The stock has a fifty day moving average of $1.72 and a 200 day moving average of $1.59. Diana Shipping has a twelve month low of $1.27 and a twelve month high of $2.33. The firm has a market capitalization of $197.39 million, a PE ratio of 28.42 and a beta of 0.82. The company has a quick ratio of 2.24, a current ratio of 2.29 and a debt-to-equity ratio of 1.13.

Diana Shipping (NYSE:DSX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The shipping company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Diana Shipping had a net margin of 9.36% and a return on equity of 4.09%. The firm had revenue of $54.69 million for the quarter, compared to the consensus estimate of $52.55 million.

Hedge Funds Weigh In On Diana Shipping

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in Diana Shipping during the first quarter valued at $26,000. Virtu Financial LLC purchased a new position in Diana Shipping during the first quarter valued at $33,000. State of Wyoming purchased a new position in Diana Shipping during the first quarter valued at $44,000. Verdence Capital Advisors LLC purchased a new position in Diana Shipping during the first quarter valued at $48,000. Finally, CHICAGO TRUST Co NA purchased a new position in Diana Shipping during the third quarter valued at $72,000. 48.68% of the stock is owned by hedge funds and other institutional investors.

Diana Shipping Company Profile

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.