OceanPal Inc. (NASDAQ:OP – Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $27.75 and traded as low as $14.1501. OceanPal shares last traded at $17.78, with a volume of 255,900 shares.
OceanPal Price Performance
The stock has a fifty day simple moving average of $27.75 and a two-hundred day simple moving average of $14.37. The firm has a market capitalization of $119.05 million, a P/E ratio of -0.27 and a beta of 1.16.
About OceanPal
OceanPal Inc (NASDAQ: OP) is a shipping company that provides seaborne transportation services for dry bulk commodities. The company owns and operates dry bulk vessels that transport cargoes such as iron ore, grain, coal, and other raw materials used in global industrial and agricultural supply chains.
OceanPal typically employs its vessels under time charter, voyage charter, or other commercial arrangements with international charterers. Its business is tied to global trade in dry bulk commodities, and its vessels serve routes connecting major exporting and importing regions worldwide.
The company was established in 2021 and is based in Greece, with its corporate organization in the Marshall Islands.
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