Diana Shipping (NYSE:DSX) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• Shares crossed above its 200-day moving average: Diana Shipping's stock rose above the $1.97 200‑day MA, trading as high as $2.47 and last at $2.4150 on volume of 718,566, signaling a technical pickup in momentum.
• Analyst sentiment remains negative, with Weiss Ratings reaffirming a "sell (d)" and MarketBeat showing a consensus Sell rating for DSX.
• Fundamentals: market cap about $279.6M, last quarter EPS $0.02 on $52.1M revenue (roughly in line with estimates), and a quarterly dividend that annualizes to $0.04 for a ~1.7% yield (payout ratio ~36%).

Diana Shipping inc. (NYSE:DSX - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.97 and traded as high as $2.47. Diana Shipping shares last traded at $2.4150, with a volume of 718,566 shares traded.

Analyst Ratings Changes

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

Diana Shipping Stock Up 4.5%

The company has a current ratio of 2.73, a quick ratio of 2.69 and a debt-to-equity ratio of 1.15. The stock has a market cap of $279.63 million, a P/E ratio of 21.96 and a beta of 0.64. The firm has a 50-day simple moving average of $2.35 and a two-hundred day simple moving average of $1.97.

Diana Shipping (NYSE:DSX - Get Free Report) last announced its earnings results on Thursday, February 26th. The shipping company reported $0.02 earnings per share (EPS) 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 $52.10 million during the quarter, compared to analysts' expectations of $52.00 million.

Diana Shipping Dividend Announcement

The firm also recently disclosed 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 1.7%. Diana Shipping's payout ratio is currently 36.36%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DSX. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Diana Shipping in the third quarter valued at approximately $1,088,000. First Eagle Investment Management LLC bought a new stake in shares of Diana Shipping in the fourth quarter valued at approximately $775,000. Renaissance Technologies LLC grew its position in Diana Shipping by 11.6% during the fourth quarter. Renaissance Technologies LLC now owns 2,361,713 shares of the shipping company's stock worth $3,920,000 after buying an additional 246,300 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Diana Shipping during the fourth quarter worth approximately $300,000. Finally, Squarepoint Ops LLC bought a new position in Diana Shipping during the 3rd quarter worth $278,000. Institutional investors and hedge funds own 48.68% of the company's stock.

About Diana Shipping

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.