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NYSE:GNK

Genco Shipping & Trading Stock Forecast, Price & News

$6.46
-0.13 (-1.97 %)
(As of 10/30/2020 03:14 PM ET)
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Today's Range
$6.42
Now: $6.46▼
$6.76
50-Day Range
$6.37
MA: $7.21▼
$8.04
52-Week Range
$4.27
Now: $6.46▼
$11.82
Volume3,213 shs
Average Volume224,871 shs
Market Capitalization$270.04 million
P/E RatioN/A
Dividend Yield1.22%
Beta0.58
Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. As of February 25, 2020, the company's fleet consisted of 17 Capesize, 1 Panamax, 6 Ultramax, 20 Supramax, and 10 Handysize vessels with an aggregate capacity of approximately 4,914,000 deadweight tons. Genco Shipping & Trading Limited was founded in 2004 and is headquartered in New York, New York.
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Genco Shipping & Trading logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 0.8Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.76 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
Current SymbolNYSE:GNK
Previous SymbolOTCBB:GSKNF
CUSIPN/A
CIK1326200
Webwww.gencoshipping.com
Phone646-443-8550
Employees1,255

Debt

Debt-to-Equity Ratio0.48
Current Ratio1.92
Quick Ratio1.71

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$389.50 million
Price / Sales0.69
Cash Flow$1.08 per share
Price / Cash Flow5.96
Book Value$23.43 per share
Price / Book0.28

Profitability

EPS (Most Recent Fiscal Year)($0.67)
Net Income$-55,990,000.00
Net Margins-39.55%
Return on Equity-2.70%
Return on Assets-1.69%

Miscellaneous

Outstanding Shares41,802,000
Market Cap$270.04 million
Next Earnings Date11/4/2020 (Confirmed)
OptionableNot Optionable
$6.46
-0.13 (-1.97 %)
(As of 10/30/2020 03:14 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Genco Shipping & Trading (NYSE:GNK) Frequently Asked Questions

How has Genco Shipping & Trading's stock been impacted by COVID-19 (Coronavirus)?

Genco Shipping & Trading's stock was trading at $6.36 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GNK shares have increased by 3.0% and is now trading at $6.55.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Genco Shipping & Trading?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Genco Shipping & Trading.

When is Genco Shipping & Trading's next earnings date?

Genco Shipping & Trading is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Genco Shipping & Trading.

How can I listen to Genco Shipping & Trading's earnings call?

Genco Shipping & Trading will be holding an earnings conference call on Wednesday, November 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Genco Shipping & Trading's earnings last quarter?

Genco Shipping & Trading Limited (NYSE:GNK) announced its quarterly earnings data on Wednesday, August, 5th. The shipping company reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.05. The shipping company earned $32.51 million during the quarter, compared to the consensus estimate of $35.54 million. Genco Shipping & Trading had a negative return on equity of 2.70% and a negative net margin of 39.55%.
View Genco Shipping & Trading's earnings history.

How often does Genco Shipping & Trading pay dividends? What is the dividend yield for Genco Shipping & Trading?

Genco Shipping & Trading announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.02 per share on Tuesday, August 25th. This represents a $0.08 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, August 14th.
View Genco Shipping & Trading's dividend history.

What price target have analysts set for GNK?

5 Wall Street analysts have issued 1 year target prices for Genco Shipping & Trading's stock. Their forecasts range from $8.90 to $18.00. On average, they expect Genco Shipping & Trading's share price to reach $11.18 in the next year. This suggests a possible upside of 70.7% from the stock's current price.
View analysts' price targets for Genco Shipping & Trading.

Are investors shorting Genco Shipping & Trading?

Genco Shipping & Trading saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 693,000 shares, a decrease of 14.1% from the August 31st total of 807,100 shares. Based on an average daily trading volume, of 185,400 shares, the days-to-cover ratio is currently 3.7 days. Approximately 1.9% of the shares of the company are short sold.
View Genco Shipping & Trading's Short Interest.

Who are some of Genco Shipping & Trading's key competitors?

Some companies that are related to Genco Shipping & Trading include Pacific Basin Shipping (PCFBY), SFL (SFL), DHT (DHT), Costamare (CMRE), Seacor (CKH), Star Bulk Carriers (SBLK), Scorpio Tankers (STNG), TORM (TRMD), Dorian LPG (LPG), Navigator (NVGS), Danaos (DAC), Teekay (TK), Overseas Shipholding Group (OSG), Eagle Bulk Shipping (EGLE) and TSAKOS ENERGY N/SH (TNP).
View all competitors.

What other stocks do shareholders of Genco Shipping & Trading own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Genco Shipping & Trading investors own include Pennsylvania Real Estate Investment Trust (PEI), DHT (DHT), Gran Tierra Energy (GTE), Aeterna Zentaris (AEZS), Golar LNG Partners (GMLP), Hallador Energy (HNRG), Washington Prime Group (WPG), BioNano Genomics (BNGO), Matinas BioPharma (MTNB) and Cannabics Pharmaceuticals (CNBX).

Who are Genco Shipping & Trading's key executives?

Genco Shipping & Trading's management team includes the following people:
  • Mr. John C. Wobensmith, CEO, Pres & Sec. (Age 50, Pay $1.38M)
  • Mr. Apostolos Zafolias, CFO & Exec. VP of Fin. (Age 41, Pay $567.51k)
  • Captain Robert E. Hughes, Chief Operations Officer (Age 45)
  • Mr. Joseph Adamo, Chief Accounting Officer, Controller & Treasurer (Age 58)
  • Mr. Ivo Kempenaer, VP, Commercial Director & Head of Major Bulks

What is Genco Shipping & Trading's stock symbol?

Genco Shipping & Trading trades on the New York Stock Exchange (NYSE) under the ticker symbol "GNK."

Who are Genco Shipping & Trading's major shareholders?

Genco Shipping & Trading's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Evermore Global Advisors LLC (4.87%). Company insiders that own Genco Shipping & Trading stock include Apostolos Zafolias, John C Wobensmith and Strategic Value Partners, Llc.
View institutional ownership trends for Genco Shipping & Trading.

Which major investors are selling Genco Shipping & Trading stock?

GNK stock was sold by a variety of institutional investors in the last quarter, including Evermore Global Advisors LLC. Company insiders that have sold Genco Shipping & Trading company stock in the last year include Apostolos Zafolias, John C Wobensmith, and Strategic Value Partners, Llc.
View insider buying and selling activity for Genco Shipping & Trading.

How do I buy shares of Genco Shipping & Trading?

Shares of GNK 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 Genco Shipping & Trading's stock price today?

One share of GNK stock can currently be purchased for approximately $6.55.

How big of a company is Genco Shipping & Trading?

Genco Shipping & Trading has a market capitalization of $273.80 million and generates $389.50 million in revenue each year. The shipping company earns $-55,990,000.00 in net income (profit) each year or ($0.67) on an earnings per share basis. Genco Shipping & Trading employs 1,255 workers across the globe.

What is Genco Shipping & Trading's official website?

The official website for Genco Shipping & Trading is www.gencoshipping.com.

How can I contact Genco Shipping & Trading?

Genco Shipping & Trading's mailing address is 299 Park Avenue 12th Floor, NEW YORK NY, 10171. The shipping company can be reached via phone at 646-443-8550.

This page was last updated on 10/30/2020 by MarketBeat.com Staff
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