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NYSE:GNKGenco Shipping & Trading Stock Price, Forecast & News

$7.53
-0.18 (-2.33 %)
(As of 08/12/2020 02:36 PM ET)
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Compare
Today's Range
$7.43
Now: $7.53
$7.85
50-Day Range
$5.96
MA: $6.40
$7.41
52-Week Range
$4.27
Now: $7.53
$11.82
Volume5,928 shs
Average Volume255,461 shs
Market Capitalization$314.77 million
P/E RatioN/A
Dividend Yield1.08%
Beta0.77
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 March 5, 2019, the company's fleet consisted of 17 Capesize, 2 Panamax, 6 Ultramax, 20 Supramax, and 13 Handysize vessels with an aggregate capacity of approximately 5,075,000 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: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.59 out of 5 stars


Industry, Sector and Symbol

Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
Previous SymbolOTCBB:GSKNF
CUSIPN/A
Phone646-443-8550

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$389.50 million
Cash Flow$1.29 per share
Book Value$23.43 per share

Profitability

Net Income$-55,990,000.00

Miscellaneous

Employees1,346
Market Cap$314.77 million
Next Earnings Date11/4/2020 (Estimated)
OptionableNot Optionable
$7.53
-0.18 (-2.33 %)
(As of 08/12/2020 02:36 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 Coronavirus reached pandemic status according to the World Health Organization. Since then, GNK stock has increased by 18.4% and is now trading at $7.53.
View which stocks have been most impacted by Coronavirus
.

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 were Genco Shipping & Trading's earnings last quarter?

Genco Shipping & Trading Limited (NYSE:GNK) posted its quarterly earnings data on Wednesday, August, 5th. The shipping company reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.05. Genco Shipping & Trading had a negative net margin of 39.55% and a negative return on equity of 2.70%.
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 declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 17th will be given a dividend of $0.02 per share on Tuesday, August 25th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, August 14th.
View Genco Shipping & Trading's dividend history
.

What price target have analysts set for GNK?

5 analysts have issued twelve-month price objectives for Genco Shipping & Trading's shares. 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 twelve months. This suggests a possible upside of 48.5% from the stock's current price.
View analysts' price targets for Genco Shipping & Trading
.

Has Genco Shipping & Trading been receiving favorable news coverage?

Media stories about GNK stock have been trending negative this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Genco Shipping & Trading earned a coverage optimism score of -2.2 on InfoTrie's scale. They also assigned news stories about the shipping company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days.
View the latest news about Genco Shipping & Trading
.

Are investors shorting Genco Shipping & Trading?

Genco Shipping & Trading saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 655,400 shares, an increase of 14.7% from the December 31st total of 571,200 shares. Based on an average daily volume of 261,300 shares, the short-interest ratio is currently 2.5 days. Currently, 1.8% of the shares of the stock are short sold.
View Genco Shipping & Trading's Short Interest
.

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

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

Who are Genco Shipping & Trading's key executives?

Genco Shipping & Trading's management team includes the following people:
  • Mr. Arthur L. Regan, Interim Exec. Chairman (Age 56)
  • Mr. John C. Wobensmith, CEO, Pres & Sec. (Age 49)
  • Mr. Apostolos Zafolias, CFO & Exec. VP of Fin. (Age 40)
  • Mr. Robert E. Hughes, Chief Operations Officer (Age 43)
  • Mr. Joseph Adamo, Chief Accounting Officer, Controller & Treasurer (Age 57)

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 investors include Evermore Global Advisors LLC (4.96%), Swiss National Bank (0.10%), Raymond James Financial Services Advisors Inc. (0.06%) and UBS Group AG (0.01%). 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 institutional 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, and UBS Group AG. 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
.

Which institutional investors are buying Genco Shipping & Trading stock?

GNK stock was purchased by a variety of institutional investors in the last quarter, including Swiss National Bank, and Raymond James Financial Services Advisors Inc..
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 $7.53.

How big of a company is Genco Shipping & Trading?

Genco Shipping & Trading has a market capitalization of $314.77 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 1,346 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 8/12/2020 by MarketBeat.com Staff

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