Performance Shipping (NASDAQ:PSHG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Performance Shipping (NASDAQ:PSHG) to a hold rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Performance Shipping in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Performance Shipping has a consensus rating of “Hold”.

Performance Shipping Stock Performance

Performance Shipping stock opened at $2.28 on Friday. Performance Shipping has a fifty-two week low of $1.30 and a fifty-two week high of $2.58. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.35 and a current ratio of 7.40. The stock has a market cap of $28.34 million, a P/E ratio of 1.70 and a beta of -0.31. The firm’s fifty day moving average price is $2.11 and its 200-day moving average price is $1.93.

Performance Shipping (NASDAQ:PSHG) last released 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). Performance Shipping had a net margin of 65.40% and a return on equity of 17.24%. The firm had revenue of $18.54 million during the quarter, compared to the consensus estimate of $18.60 million.

Institutional Investors Weigh In On Performance Shipping

An institutional investor recently bought a new position in Performance Shipping stock. Citadel Advisors LLC purchased a new stake in Performance Shipping Inc. (NASDAQ:PSHG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 110,439 shares of the company’s stock, valued at approximately $209,000. Citadel Advisors LLC owned approximately 0.89% of Performance Shipping as of its most recent SEC filing. Institutional investors and hedge funds own 19.90% of the company’s stock.

About Performance Shipping