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S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
See how to make money instead of spending it on Black Friday with this offer (Ad)
Whole Foods decision to pull lobster divides enviros, pols
Airbnb has a plan to fix cleaning fees
See how to make money instead of spending it on Black Friday with this offer (Ad)
Saudi viewers angry over apparent ban on World Cup streaming
Cuba's informal market finds new space on growing internet
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
See how to make money instead of spending it on Black Friday with this offer (Ad)
Whole Foods decision to pull lobster divides enviros, pols
Airbnb has a plan to fix cleaning fees
See how to make money instead of spending it on Black Friday with this offer (Ad)
Saudi viewers angry over apparent ban on World Cup streaming
Cuba's informal market finds new space on growing internet
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
See how to make money instead of spending it on Black Friday with this offer (Ad)
Whole Foods decision to pull lobster divides enviros, pols
Airbnb has a plan to fix cleaning fees
See how to make money instead of spending it on Black Friday with this offer (Ad)
Saudi viewers angry over apparent ban on World Cup streaming
Cuba's informal market finds new space on growing internet

Danaos (NYSE:DAC) Upgraded by StockNews.com to "Buy"

Danaos (NYSE:DAC - Get Rating) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Thursday.

Separately, Citigroup dropped their price objective on shares of Danaos from $85.00 to $65.00 in a report on Wednesday, November 9th.

Danaos Price Performance

Danaos stock traded up $0.42 during mid-day trading on Thursday, hitting $57.13. The stock had a trading volume of 108,115 shares, compared to its average volume of 209,961. The firm has a market capitalization of $1.18 billion, a P/E ratio of 2.06 and a beta of 1.54. The company has a current ratio of 2.32, a quick ratio of 2.26 and a debt-to-equity ratio of 0.34. The firm's 50 day moving average is $57.94 and its 200 day moving average is $66.42. Danaos has a one year low of $52.73 and a one year high of $107.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Danaos during the 1st quarter valued at about $27,000. Atlas Capital Advisors LLC purchased a new stake in shares of Danaos during the 3rd quarter valued at about $30,000. Credit Suisse AG purchased a new stake in shares of Danaos during the 2nd quarter valued at about $45,000. Quadrant Capital Group LLC raised its position in shares of Danaos by 197.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 722 shares of the shipping company's stock valued at $40,000 after buying an additional 479 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in shares of Danaos during the 1st quarter valued at about $125,000. Institutional investors own 65.03% of the company's stock.

About Danaos

(Get Rating)


Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2022, it had a fleet of 71 containerships aggregating 436,589 twenty-foot equivalent units in capacity.

Further Reading

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.

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