Diana Shipping (NYSE:DSX) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Diana Shipping (DSX) crossed above its 200‑day moving average, trading as high as $2.60 and last at $2.5250 on volume of 336,552 shares (200‑day MA = $2.05).
• Despite the technical move, analysts rate the stock a "Sell"—Weiss Ratings restated a sell and MarketBeat shows an average rating of Sell.
• The company reported $0.02 EPS on $52.05M revenue, has a market cap of $292.4M and a P/E of 22.96, and pays a quarterly $0.01 dividend (annualized $0.04, ~1.6% yield; DPR ~36%).

Shares of Diana Shipping inc. (NYSE:DSX - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.05 and traded as high as $2.60. Diana Shipping shares last traded at $2.5250, with a volume of 336,552 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Diana Shipping in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of "Sell".

Diana Shipping Trading Up 0.6%

The company has a debt-to-equity ratio of 1.15, a current ratio of 2.73 and a quick ratio of 2.69. The business's fifty day simple moving average is $2.46 and its 200 day simple moving average is $2.05. The stock has a market cap of $292.37 million, a price-to-earnings ratio of 22.96 and a beta of 0.66.

Diana Shipping (NYSE:DSX - Get Free Report) last issued its earnings results on Saturday, February 14th. The shipping company reported $0.02 earnings per share for the quarter. Diana Shipping had a net margin of 8.35% and a return on equity of 3.60%. The company had revenue of $52.05 million for the quarter.

Diana Shipping Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.04 dividend on an annualized basis and a yield of 1.6%. Diana Shipping's dividend payout ratio (DPR) is currently 36.36%.

Hedge Funds Weigh In On Diana Shipping

Institutional investors have recently made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Diana Shipping by 3.2% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 668,660 shares of the shipping company's stock worth $1,110,000 after purchasing an additional 20,943 shares during the period. Goldman Sachs Group Inc. boosted its position in Diana Shipping by 66.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 70,879 shares of the shipping company's stock valued at $118,000 after purchasing an additional 28,384 shares during the period. CHICAGO TRUST Co NA bought a new position in Diana Shipping during the 3rd quarter worth $72,000. Mercuria Capital Strategies LLC bought a new position in Diana Shipping during the 4th quarter worth $88,000. Finally, Mackenzie Financial Corp increased its position in Diana Shipping by 46.4% in the fourth quarter. Mackenzie Financial Corp now owns 190,774 shares of the shipping company's stock worth $326,000 after buying an additional 60,430 shares during the period. 48.68% of the stock is owned by institutional investors.

Diana Shipping Company Profile

Diana Shipping Inc is a global shipping company incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece. The company specializes in the ownership and operation of dry bulk vessels that transport a variety of commodities, including coal, iron ore, grains, fertilizers, steel products and other bulk materials. Diana Shipping’s fleet comprises Panamax, Capesize, Newcastlemax and Supramax/Newcastlemax segments, enabling it to address the needs of customers on key global trade routes.

The company conducts its operations by chartering vessels on short‐term voyage charters and longer‐term period charters.

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