Performance Shipping (NASDAQ:DCIX) Stock Price Up 9.8%

Performance Shipping Inc (NASDAQ:DCIX)’s share price rose 9.8% during mid-day trading on Monday . The stock traded as high as $0.95 and last traded at $0.90, approximately 609,378 shares changed hands during trading. An increase of 14% from the average daily volume of 535,275 shares. The stock had previously closed at $0.82.

The firm’s 50-day moving average price is $0.94 and its 200-day moving average price is $0.99.

Performance Shipping (NASDAQ:DCIX) last released its quarterly earnings data on Monday, July 29th. The shipping company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $4.55 million for the quarter. Performance Shipping had a negative net margin of 39.38% and a negative return on equity of 6.01%.

A hedge fund recently raised its stake in Performance Shipping stock. Wagner Bowman Management Corp increased its holdings in Performance Shipping Inc (NASDAQ:DCIX) by 1,100.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 120,000 shares of the shipping company’s stock after purchasing an additional 110,000 shares during the period. Wagner Bowman Management Corp owned approximately 0.83% of Performance Shipping worth $116,000 at the end of the most recent quarter. Institutional investors and hedge funds own 4.54% of the company’s stock.

About Performance Shipping (NASDAQ:DCIX)

Performance Shipping Inc, through its subsidiaries, provides shipping transportation services through its ownership of containerships worldwide. As of March 26, 2019, it owned and operated two post-Panamax and two Panamax container vessels. The company was founded in 2010 and is based in Athens, Greece.

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