Performance Shipping (NASDAQ:PSHG – Get Free Report) issued its earnings results on Thursday. The company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26, Zacks reports. Performance Shipping had a return on equity of 24.68% and a net margin of 62.19%. The business had revenue of $20.51 million during the quarter.
Performance Shipping Price Performance
Shares of PSHG traded up $0.02 during trading hours on Friday, reaching $2.21. 26,585 shares of the company’s stock traded hands, compared to its average volume of 57,626. The stock has a market cap of $27.14 million, a PE ratio of 1.34 and a beta of -0.32. The company has a current ratio of 5.21, a quick ratio of 5.06 and a debt-to-equity ratio of 0.22. The firm’s 50 day simple moving average is $2.17 and its 200-day simple moving average is $2.05. Performance Shipping has a 12 month low of $0.84 and a 12 month high of $2.58.
Wall Street Analysts Forecast Growth
Separately, Alliance Global Partners began coverage on Performance Shipping in a research note on Monday, July 22nd. They issued a “buy” rating and a $6.50 target price for the company.
Performance Shipping Company Profile
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