Wall Street Zen Upgrades Performance Shipping (NASDAQ:PSHG) to “Hold”

Performance Shipping (NASDAQ:PSHG) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Shipping in a report on Wednesday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Performance Shipping Price Performance

Shares of PSHG stock opened at $2.29 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 7.40 and a quick ratio of 7.35. The firm’s 50-day moving average is $2.11 and its two-hundred day moving average is $1.93. Performance Shipping has a 12 month low of $1.30 and a 12 month high of $2.58. The company has a market capitalization of $28.46 million, a PE ratio of 1.71 and a beta of -0.31.

Performance Shipping (NASDAQ:PSHG) last posted its earnings results on Tuesday, December 2nd. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.14). The business had revenue of $18.54 million during the quarter, compared to analysts’ expectations of $18.60 million. Performance Shipping had a net margin of 65.40% and a return on equity of 17.24%.

Institutional Trading of Performance Shipping

A hedge fund recently bought a new stake in Performance Shipping stock. Citadel Advisors LLC purchased a new position in shares of Performance Shipping Inc. (NASDAQ:PSHG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 110,439 shares of the company’s stock, valued at approximately $209,000. Citadel Advisors LLC owned about 0.89% of Performance Shipping as of its most recent SEC filing. 19.90% of the stock is currently owned by hedge funds and other institutional investors.

Performance Shipping Company Profile