OceanPal Inc. (NASDAQ:OP - Get Free Report)'s share price rose 4.2% during mid-day trading on Tuesday . The stock traded as high as $8.8750 and last traded at $8.60. Approximately 5,569 shares changed hands during trading, a decline of 100% from the average daily volume of 12,412,086 shares. The stock had previously closed at $8.25.
OceanPal Stock Performance
The firm has a market capitalization of $57.59 million, a PE ratio of -0.13 and a beta of 1.16. The company's 50-day moving average price is $8.48 and its 200-day moving average price is $18.94.
Institutional Investors Weigh In On OceanPal
An institutional investor recently bought a new position in OceanPal stock. Citadel Advisors LLC purchased a new position in shares of OceanPal Inc. (NASDAQ:OP - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 22,841 shares of the company's stock, valued at approximately $28,000. Citadel Advisors LLC owned approximately 0.34% of OceanPal at the end of the most recent reporting period.
OceanPal Company Profile
(
Get Free Report)
OceanPal Inc NASDAQ: OP is a Bermuda‐incorporated shipping company focused on the ownership and operation of modern crude oil tankers on a long‐term time charter basis. The company's fleet includes both very large crude carriers (VLCCs) and Suezmax vessels, constructed at leading shipyards and maintained to high technical and safety standards. By securing multi‐year charter agreements with major oil producers and trading houses, OceanPal aims to generate stable revenue streams and enhance predictability of cash flows.
The origins of OceanPal trace back to General Maritime Corp., which was established in 2005 and listed on the NASDAQ.
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