Diana Shipping (NYSE:DSX) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Diana Shipping inc. (NYSE:DSX)’s stock price passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $2.49 and traded as low as $2.41. Diana Shipping shares last traded at $2.4170, with a volume of 871,856 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on DSX. Weiss Ratings restated a “hold (c-)” rating on shares of Diana Shipping in a report on Monday, July 20th. Wall Street Zen raised Diana Shipping from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Diana Shipping currently has an average rating of “Hold”.

Diana Shipping Price Performance

The company’s 50 day simple moving average is $2.77 and its 200 day simple moving average is $2.49. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.05 and a quick ratio of 2.01. The stock has a market cap of $300.71 million, a P/E ratio of 5.04 and a beta of 0.59.

Institutional Trading of Diana Shipping

A number of large investors have recently made changes to their positions in DSX. Cetera Investment Advisers acquired a new stake in Diana Shipping during the 1st quarter worth $26,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Diana Shipping by 71.2% in the first quarter. EverSource Wealth Advisors LLC now owns 10,942 shares of the shipping company’s stock valued at $27,000 after buying an additional 4,550 shares during the period. BlackRock Inc. bought a new position in Diana Shipping during the 2nd quarter worth about $47,000. Lazard Asset Management LLC bought a new position in shares of Diana Shipping during the first quarter worth about $98,000. Finally, Susquehanna Fundamental Investments LLC grew its holdings in shares of Diana Shipping by 81.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 232,492 shares of the shipping company’s stock worth $488,000 after buying an additional 104,375 shares in the last quarter. Institutional investors own 48.68% of the company’s stock.

Diana Shipping Company Profile

Diana Shipping Inc (NYSE: DSX) is a global shipping company that owns and operates dry bulk vessels. Its fleet transports major and minor bulk commodities, including iron ore, grain, coal, and other raw materials used in industrial and commercial supply chains.

The company primarily operates Capesize, Panamax, Kamsarmax, Post-Panamax, and Ultramax vessels. These ships are typically employed under time charter, voyage charter, or other commercial arrangements with customers around the world, serving international trade routes across the Atlantic, Pacific, and other major maritime regions.

Diana Shipping was established in the 1990s and is headquartered in Athens, Greece, with its corporate entity incorporated in the Marshall Islands.