OceanPal (NASDAQ:OP) Stock Rating Upgraded by Wall Street Zen

OceanPal (NASDAQ:OP) was upgraded by stock analysts at Wall Street Zen to a “sell” rating in a research report issued to clients and investors on Saturday.

OceanPal Stock Down 10.3%

Shares of NASDAQ OP opened at $1.30 on Friday. The business’s 50 day moving average is $19.02 and its two-hundred day moving average is $21.41. The company has a market cap of $390,000.00, a P/E ratio of -0.02 and a beta of 1.14. OceanPal has a 12 month low of $1.29 and a 12 month high of $79.25.

About OceanPal

OceanPal Inc provides ocean-going transportation services worldwide. The company owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including bauxite, phosphate, and fertilizers. As of December 31, 2023, its fleet consisted of five dry bulk carriers, which include three Panamaxes and two Capesize vessels with a cargo carrying capacity of approximately 572,599 deadweight tons.