Somewhat Positive Press Coverage Somewhat Unlikely to Impact Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) Stock Price

News headlines about Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned media headlines about the shipping company an impact score of 46.1110924613517 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several research analysts have recently issued reports on GNK shares. Jefferies Group LLC restated a “buy” rating and issued a $20.00 target price (down previously from $22.00) on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a report on Saturday, July 22nd. Zacks Investment Research upgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Wednesday, July 12th. ValuEngine upgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Friday, July 7th. Finally, BidaskClub upgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.20.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) traded down 1.26% during mid-day trading on Thursday, reaching $11.79. 29,858 shares of the company traded hands. The stock’s market capitalization is $405.87 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 52-week low of $5.00 and a 52-week high of $14.99. The firm’s 50-day moving average is $12.38 and its 200 day moving average is $12.38.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last announced its quarterly earnings results on Monday, August 7th. The shipping company reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.03. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative net margin of 49.36% and a negative return on equity of 8.98%. The company had revenue of $45.37 million during the quarter, compared to the consensus estimate of $43.91 million. On average, equities research analysts expect that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will post ($1.40) earnings per share for the current year.

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About Genco Shipping & Trading Limited Warrants Expiring 12/31/2021

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.

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