Genco Shipping & Trading Stock Price, News & Analysis (NYSE:GNK)

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

Genco Shipping & Trading Limited (NYSE:GNK) released its earnings results on Wednesday, August, 7th. The shipping company reported ($0.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.41) by $0.08. The shipping company had revenue of $41.75 million for the quarter, compared to analyst estimates of $39.92 million. Genco Shipping & Trading had a negative return on equity of 0.80% and a negative net margin of 4.79%. View Genco Shipping & Trading's Earnings History.

Genco Shipping & Trading is scheduled to release their next quarterly earnings announcement on Wednesday, November 6th 2019. View Earnings Estimates for Genco Shipping & Trading.

4 equities research analysts have issued 1-year price targets for Genco Shipping & Trading's shares. Their predictions range from $9.50 to $20.00. On average, they anticipate Genco Shipping & Trading's share price to reach $15.63 in the next twelve months. This suggests a possible upside of 55.6% from the stock's current price. View Analyst Price Targets for Genco Shipping & Trading.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Genco Shipping & Trading.

News stories about GNK stock have trended somewhat positive this week, InfoTrie reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Genco Shipping & Trading earned a news impact score of 0.8 on InfoTrie's scale. They also gave media headlines about the shipping company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Genco Shipping & Trading.

Genco Shipping & Trading saw a drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,200,000 shares, a drop of 13.7% from the August 30th total of 1,390,000 shares. Based on an average daily volume of 220,400 shares, the short-interest ratio is presently 5.4 days. Approximately 3.3% of the company's shares are sold short. View Genco Shipping & Trading's Current Options Chain.

Some companies that are related to Genco Shipping & Trading include DHT (DHT), Star Bulk Carriers (SBLK), PAC BASIN SHIPP/ADR (PCFBY), Seacor (CKH), COSTAMARE INC/SH (CMRE), Dorian LPG (LPG), Navigator (NVGS), Scorpio Bulkers (SALT), Teekay (TK), DryShips (DRYS), Diana Shipping (DSX), TSAKOS ENERGY N/SH (TNP), Eagle Bulk Shipping (EGLE), Ardmore Shipping (ASC) and SEACOR Marine (SMHI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Genco Shipping & Trading investors own include Endologix (ELGX), Micron Technology (MU), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Apache (APA), Citigroup (C), Intel (INTC), Cleveland-Cliffs (CLF), CVS Health (CVS) and Fiat Chrysler Automobiles (FCAU).

Genco Shipping & Trading's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Founders Capital Management (0.01%). Company insiders that own Genco Shipping & Trading stock include Apostolos Zafolias, Cayman Gp Ltd Ccp II and John C Wobensmith. View Institutional Ownership Trends for Genco Shipping & Trading.

GNK stock was acquired by a variety of institutional investors in the last quarter, including Founders Capital Management. View Insider Buying and Selling for 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.

One share of GNK stock can currently be purchased for approximately $10.04.

Genco Shipping & Trading has a market capitalization of $418.27 million and generates $367.52 million in revenue each year. The shipping company earns $-32,940,000.00 in net income (profit) each year or $0.64 on an earnings per share basis. Genco Shipping & Trading employs 1,346 workers across the globe.View Additional Information About Genco Shipping & Trading.

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

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.