Shares of OceanPal Inc. (NASDAQ:OP – Get Free Report) dropped 1.6% on Friday . The stock traded as low as $1.21 and last traded at $1.22. Approximately 12,354 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 17,205 shares. The stock had previously closed at $1.24.
OceanPal Price Performance
The company has a market capitalization of $9.09 million, a PE ratio of -0.65 and a beta of 0.51. The company has a 50 day moving average of $1.32 and a two-hundred day moving average of $1.56.
OceanPal (NASDAQ:OP – Get Free Report) last issued its quarterly earnings results on Friday, December 20th. The company reported ($0.08) earnings per share for the quarter. OceanPal had a negative return on equity of 10.69% and a negative net margin of 37.37%.
OceanPal Company Profile
OceanPal Inc provides ocean-going transportation services worldwide. The company owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including bauxite, phosphate, and fertilizers. As of December 31, 2023, its fleet consisted of five dry bulk carriers, which include three Panamaxes and two Capesize vessels with a cargo carrying capacity of approximately 572,599 deadweight tons.
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