Diana Shipping (NYSE:DSX) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Diana Shipping inc. (NYSE:DSX)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.63 and traded as high as $1.79. Diana Shipping shares last traded at $1.7750, with a volume of 260,785 shares.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DSX. Weiss Ratings reiterated a “sell (d)” rating on shares of Diana Shipping in a report on Wednesday, October 8th. Wall Street Zen lowered Diana Shipping from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Diana Shipping currently has a consensus rating of “Sell”.

Diana Shipping Price Performance

The firm has a market capitalization of $205.50 million, a P/E ratio of 29.59 and a beta of 0.81. The stock’s 50 day simple moving average is $1.75 and its 200 day simple moving average is $1.63. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.24 and a current ratio of 2.29.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Diana Shipping in the 3rd quarter worth $1,088,000. Pekin Hardy Strauss Inc. increased its stake in shares of Diana Shipping by 17.2% during the second quarter. Pekin Hardy Strauss Inc. now owns 2,841,710 shares of the shipping company’s stock valued at $4,149,000 after buying an additional 417,275 shares during the period. Vident Advisory LLC raised its holdings in shares of Diana Shipping by 213.5% in the first quarter. Vident Advisory LLC now owns 459,051 shares of the shipping company’s stock valued at $716,000 after acquiring an additional 312,603 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Diana Shipping in the third quarter worth about $278,000. Finally, Mackenzie Financial Corp bought a new position in Diana Shipping during the 1st quarter worth about $212,000. 48.68% of the stock is currently owned by hedge funds and other institutional investors.

About Diana Shipping

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.