Performance Shipping (NASDAQ:PSHG) Upgraded to “Hold” at Wall Street Zen

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

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Shipping in a report on Wednesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Performance Shipping Price Performance

Performance Shipping stock opened at $2.29 on Friday. Performance Shipping has a 52-week low of $1.30 and a 52-week high of $2.58. The company has a quick ratio of 7.35, a current ratio of 7.40 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average is $2.11 and its 200 day moving average is $1.93. The company has a market cap of $28.46 million, a price-to-earnings ratio of 1.71 and a beta of -0.31.

Performance Shipping (NASDAQ:PSHG) last posted its earnings results on Tuesday, December 2nd. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.14). Performance Shipping had a return on equity of 17.24% and a net margin of 65.40%.The business 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 acquired a new stake in shares of Performance Shipping Inc. (NASDAQ:PSHG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 110,439 shares of the company’s stock, valued at approximately $209,000. Citadel Advisors LLC owned 0.89% of Performance Shipping as of its most recent SEC filing. Hedge funds and other institutional investors own 19.90% of the company’s stock.

Performance Shipping Company Profile