Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) Getting Somewhat Favorable News Coverage, Study Shows

Media coverage about Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) has trended somewhat positive recently, Alpha One Sentiment Analysis reports. The research group, a service of Accern, identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) earned a media sentiment score of 0.01 on Alpha One’s scale. Alpha One also gave media coverage about the shipping company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the next few days.

A number of equities analysts recently commented on the stock. Jefferies Group LLC boosted their target price on shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, January 23rd. Morgan Stanley upgraded shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $5.00 to $13.00 in a research note on Tuesday, March 28th. Zacks Investment Research downgraded shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Clarkson Capital started coverage on shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in a research report on Tuesday, April 4th. They issued a “buy” rating and a $17.00 price target for the company. Finally, Seaport Global Securities raised shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, May 10th. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $16.00.

Shares of Genco Shipping & Trading Limited Ordinary Shares New (NYSE:GNK) traded up 5.69% during midday trading on Friday, reaching $10.40. 93,477 shares of the company were exchanged. The company’s market capitalization is $76.39 million. Genco Shipping & Trading Limited Ordinary Shares New has a 52-week low of $3.62 and a 52-week high of $14.99. The stock’s 50-day moving average price is $11.64 and its 200-day moving average price is $9.78.

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) last issued its quarterly earnings data on Monday, May 8th. The shipping company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by $0.07. The company had revenue of $38.25 million for the quarter, compared to analysts’ expectations of $39.31 million. Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) had a negative return on equity of 16.72% and a negative net margin of 191.18%. Analysts anticipate that Genco Shipping & Trading Limited Ordinary Shares New will post ($1.38) EPS for the current year.

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