Somewhat Positive Media Coverage Somewhat Unlikely to Impact Genco Shipping & Trading (GNK) Share Price

Press coverage about Genco Shipping & Trading (NYSE:GNK) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Genco Shipping & Trading earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the shipping company an impact score of 45.2428727387298 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

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NYSE:GNK traded down $0.42 during trading hours on Friday, hitting $14.33. 74,372 shares of the stock were exchanged, compared to its average volume of 162,676. Genco Shipping & Trading has a twelve month low of $8.47 and a twelve month high of $16.29. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.14 and a current ratio of 4.14. The company has a market cap of $509.35, a price-to-earnings ratio of -11.11 and a beta of -0.08.

Genco Shipping & Trading (NYSE:GNK) last posted its quarterly earnings data on Tuesday, February 27th. The shipping company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.10. Genco Shipping & Trading had a negative return on equity of 4.49% and a negative net margin of 28.00%. The firm had revenue of $74.92 million for the quarter, compared to the consensus estimate of $58.10 million. equities analysts predict that Genco Shipping & Trading will post 0.61 EPS for the current fiscal year.

Several brokerages have recently commented on GNK. Morgan Stanley boosted their target price on Genco Shipping & Trading from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. ValuEngine raised Genco Shipping & Trading from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research raised Genco Shipping & Trading from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Monday, March 12th. Noble Financial began coverage on Genco Shipping & Trading in a report on Friday, January 12th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Seaport Global Securities set a $18.00 target price on Genco Shipping & Trading and gave the stock a “buy” rating in a report on Wednesday, February 28th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.50.

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Genco Shipping & Trading Company Profile

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 ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

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