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 quarterly earnings results on Wednesday, August, 7th. The shipping company reported ($0.49) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.41) by $0.08. The shipping company had revenue of $41.75 million for the quarter, compared to the consensus estimate of $39.92 million. Genco Shipping & Trading had a negative net margin of 4.79% and a negative return on equity of 0.80%. 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 brokerages have issued 12-month price targets for Genco Shipping & Trading's shares. Their forecasts range from $9.50 to $20.00. On average, they anticipate Genco Shipping & Trading's share price to reach $15.63 in the next year. This suggests a possible upside of 56.7% 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 extremely negative recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of 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 positive five, with scores closest to five being the most favorable. Genco Shipping & Trading earned a media sentiment score of -4.3 on InfoTrie's scale. They also gave news articles 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 stock's share price in the near future. View News Stories for Genco Shipping & Trading.

Genco Shipping & Trading saw a decline in short interest in September. As of September 30th, there was short interest totalling 1,200,000 shares, a decline of 13.7% from the August 30th total of 1,390,000 shares. Based on an average daily trading volume, of 220,400 shares, the days-to-cover ratio is currently 5.4 days. Currently, 3.3% of the shares of the stock are short sold. 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), DryShips (DRYS), Teekay (TK), Diana Shipping (DSX), TSAKOS ENERGY N/SH (TNP), Eagle Bulk Shipping (EGLE), SEACOR Marine (SMHI) and Ardmore Shipping (ASC).

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 investors 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 $9.97.

Genco Shipping & Trading has a market capitalization of $415.35 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.