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NASDAQ:GRIN - Grindrod Shipping Stock Price, Forecast & News

$4.15
-0.50 (-10.75 %)
(As of 02/27/2020 01:37 PM ET)
Today's Range
$4.12
Now: $4.15
$4.50
50-Day Range
$4.75
MA: $5.85
$7.20
52-Week Range
$4.50
Now: $4.15
$7.97
Volume6,455 shs
Average Volume7,223 shs
Market Capitalization$79.10 million
P/E RatioN/A
Dividend YieldN/A
Beta0.42
Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers. The company operates in two businesses, Drybulk Carriers and Tankers. It operates a fleet of 24 owned dry bulk carriers and 6 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers. The company also operates a fleet of 8 owned tankers and 2 long-term chartered-in tankers, which carry petroleum products, petrol, diesel, jet fuel, and naptha, as well as heavy fuel oil; and low hazard chemical products comprising liquid bulk vegetable oils. Its customers include trading houses, mining companies, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products. Grindrod Shipping Holdings Ltd. was incorporated in 2017 and is based in Singapore.

Industry, Sector and Symbol

Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
Current SymbolNASDAQ:GRIN
CUSIPN/A
CIKN/A
Phone65-6323-0048

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$331.05 million

Profitability

Miscellaneous

Employees759
Market Cap$79.10 million
Next Earnings Date5/26/2020 (Estimated)
OptionableNot Optionable

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Grindrod Shipping (NASDAQ:GRIN) Frequently Asked Questions

What is Grindrod Shipping's stock symbol?

Grindrod Shipping trades on the NASDAQ under the ticker symbol "GRIN."

When is Grindrod Shipping's next earnings date?

Grindrod Shipping is scheduled to release their next quarterly earnings announcement on Tuesday, May 26th 2020. View Earnings Estimates for Grindrod Shipping.

What price target have analysts set for GRIN?

2 brokers have issued 12-month price targets for Grindrod Shipping's stock. Their forecasts range from $11.55 to $11.55. On average, they expect Grindrod Shipping's stock price to reach $11.55 in the next twelve months. This suggests a possible upside of 178.3% from the stock's current price. View Analyst Price Targets for Grindrod Shipping.

What is the consensus analysts' recommendation for Grindrod Shipping?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grindrod Shipping in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Grindrod Shipping.

Has Grindrod Shipping been receiving favorable news coverage?

Headlines about GRIN stock have trended somewhat positive recently, InfoTrie reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Grindrod Shipping earned a media sentiment score of 0.7 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Grindrod Shipping.

Are investors shorting Grindrod Shipping?

Grindrod Shipping saw a increase in short interest in February. As of February 14th, there was short interest totalling 8,800 shares, an increase of 100.0% from the January 30th total of 4,400 shares. Based on an average trading volume of 7,900 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.1% of the shares of the stock are sold short. View Grindrod Shipping's Current Options Chain.

Who are some of Grindrod Shipping's key competitors?

What other stocks do shareholders of Grindrod Shipping own?

Who are Grindrod Shipping's key executives?

Grindrod Shipping's management team includes the folowing people:
  • Mr. Martyn Richard Wade, CEO & Director (Age 60)
  • Mr. Stephen Griffiths, CFO & Director (Age 59)

Who are Grindrod Shipping's major shareholders?

Grindrod Shipping's stock is owned by many different of retail and institutional investors. Top institutional investors include Mitsubishi UFJ Trust & Banking Corp (0.96%), UBS Group AG (0.11%) and Renaissance Technologies LLC (0.09%).

Which major investors are selling Grindrod Shipping stock?

GRIN stock was sold by a variety of institutional investors in the last quarter, including Mitsubishi UFJ Trust & Banking Corp and UBS Group AG.

Which major investors are buying Grindrod Shipping stock?

GRIN stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC.

How do I buy shares of Grindrod Shipping?

Shares of GRIN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Grindrod Shipping's stock price today?

One share of GRIN stock can currently be purchased for approximately $4.15.

How big of a company is Grindrod Shipping?

Grindrod Shipping has a market capitalization of $79.10 million and generates $331.05 million in revenue each year. Grindrod Shipping employs 759 workers across the globe.View Additional Information About Grindrod Shipping.

What is Grindrod Shipping's official website?

The official website for Grindrod Shipping is http://www.grinshipping.com/.

How can I contact Grindrod Shipping?

Grindrod Shipping's mailing address is NO. 03-01 SOUTHPOINT 200 CANTONMENT ROAD, SINGAPORE U0, 089763. The company can be reached via phone at 65-6323-0048.


MarketBeat Community Rating for Grindrod Shipping (NASDAQ GRIN)

Community Ranking:  4.0 out of 5 (star star star star)
Outperform Votes:  4 (Vote Outperform)
Underperform Votes:  1 (Vote Underperform)
Total Votes:  5
MarketBeat's community ratings are surveys of what our community members think about Grindrod Shipping and other stocks. Vote "Outperform" if you believe GRIN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GRIN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/27/2020 by MarketBeat.com Staff

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