Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) Lowered to Sell at ValuEngine

ValuEngine cut shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) from a hold rating to a sell rating in a research report sent to investors on Thursday, November 2nd.

A number of other research analysts also recently issued reports on GNK. Zacks Investment Research upgraded Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a hold rating to a buy rating and set a $10.00 price target on the stock in a research note on Wednesday, July 12th. BidaskClub upgraded Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a sell rating to a hold rating in a research note on Thursday, July 13th. Finally, Jefferies Group LLC restated a buy rating and set a $20.00 price target (down previously from $22.00) on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a research note on Saturday, July 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a consensus rating of Hold and a consensus price target of $15.20.

Shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) traded down $1.08 during midday trading on Thursday, hitting $9.99. The stock had a trading volume of 153,300 shares, compared to its average volume of 105,614. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 1-year low of $6.37 and a 1-year high of $14.99.

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Several institutional investors have recently bought and sold shares of GNK. Citigroup Inc. boosted its stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 0.4% in the second quarter. Citigroup Inc. now owns 13,652 shares of the shipping company’s stock valued at $129,000 after buying an additional 51 shares in the last quarter. California State Teachers Retirement System acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the second quarter worth $129,000. Jane Street Group LLC acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth $134,000. Bank of New York Mellon Corp acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth $136,000. Finally, Teachers Advisors LLC acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the second quarter worth $141,000. Hedge funds and other institutional investors own 58.27% of the company’s stock.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 Company Profile

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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