Short Term Rating on Diana Shipping (DSX)

Diana Shipping (DSX) : 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Diana Shipping (DSX). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 3.44.

Diana Shipping (DSX) : The consensus price target for Diana Shipping (DSX) is $2.4 for the short term with a standard deviation of $0.65. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $3, however, the pessimist price target for the company is $2.

Company shares have received an average consensus rating of Hold for the current week


Diana Shipping (NYSE:DSX): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.64 and $2.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.78, notching a gain of 9.45% for the day. The total traded volume was 1,058,426 . The stock had closed at $2.54 on the previous day.

Diana Shipping Inc. is a holding company. The Company is a provider of shipping transportation services. It specializes in the ownership of dry bulk vessels. Its fleet consists of approximately 40 dry bulk vessels, including two Newcastlemax, 12 Capesize, three Post-Panamax, three Kamsarmax and 20 Panamax. It specializes in transporting dry bulk cargoes, including commodities, such as iron ore, coal, grain and other materials along shipping routes around the world. The Company wholly owns, directly or indirectly, the subsidiaries, which own the vessels that comprise its fleet. It holds an interest in Diana Containerships Inc., a provider of shipping transportation services through its ownership of containerships, which owns and operates eleven container vessels, including four Post-Panamax and seven Panamax. Its vessels include Danae, Dione, Erato, Leto, Myrto, Boston, Los Angeles and Alcmeme, among others.

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