Wall Street Zen upgraded shares of Oceanpal (NASDAQ:SVRN – Free Report) to a hold rating in a report released on Saturday morning,Wall Street Zen reports.
Separately, Weiss Ratings upgraded Oceanpal from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 24th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has an average rating of “Sell”.
Get Our Latest Stock Analysis on SVRN
Oceanpal Stock Down 24.4%
NASDAQ SVRN opened at $26.50 on Friday. Oceanpal has a 52 week low of $3.12 and a 52 week high of $74.74. The firm’s 50 day moving average price is $23.09.
About Oceanpal
OceanPal Inc is a maritime transportation company focused on owning and operating dry bulk vessels. Its ships are used to transport major dry bulk commodities, including iron ore, grain, coal and other bulk cargoes.
The company serves international trade routes and typically makes its vessels available to customers through time charters, voyage charters or other commercial arrangements. Its operations are therefore tied to global shipping demand and the movement of commodities between producing and consuming regions.
OceanPal was established as an independent shipping company following its separation from Diana Shipping Inc The company is headquartered in Greece and has historically operated a fleet of dry bulk carriers.
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