Performance Shipping (NASDAQ:PSHG) Releases Earnings Results, Misses Expectations By $0.14 EPS

Performance Shipping (NASDAQ:PSHGGet Free Report) issued its earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.14), Zacks reports. Performance Shipping had a net margin of 72.12% and a return on equity of 20.92%.

Performance Shipping Stock Performance

PSHG stock traded down $0.16 during mid-day trading on Tuesday, hitting $2.08. 180,446 shares of the company were exchanged, compared to its average volume of 93,636. Performance Shipping has a 1-year low of $1.30 and a 1-year high of $2.34. The business has a 50 day simple moving average of $2.00 and a 200-day simple moving average of $1.85. The company has a current ratio of 7.40, a quick ratio of 7.35 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $25.80 million, a PE ratio of 1.35 and a beta of -0.30.

Institutional Trading of Performance Shipping

A hedge fund recently bought a new stake in Performance Shipping stock. Citadel Advisors LLC acquired a new stake in Performance Shipping Inc. (NASDAQ:PSHGFree Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 110,439 shares of the company’s stock, valued at approximately $209,000. Citadel Advisors LLC owned approximately 0.89% of Performance Shipping at the end of the most recent reporting period. Institutional investors own 19.90% of the company’s stock.

Analysts Set New Price Targets

PSHG has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Performance Shipping in a research note on Wednesday, October 8th. Wall Street Zen raised Performance Shipping to a “hold” rating in a report on Saturday, August 30th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Performance Shipping currently has an average rating of “Hold”.

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Earnings History for Performance Shipping (NASDAQ:PSHG)

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