Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) Given Media Sentiment Rating of 0.17

News articles about Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media headlines about the shipping company an impact score of 44.6305318546286 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Several brokerages have issued reports on GNK. Jefferies Group began coverage on Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in a report on Monday, December 18th. They set a “buy” rating and a $20.00 price target for the company. Evercore ISI began coverage on Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in a report on Monday, November 20th. They set an “outperform” rating and a $15.00 price target for the company. ValuEngine downgraded Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research downgraded Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Finally, Noble Financial assumed coverage on Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in a report on Friday, January 12th. They set a “buy” rating and a $20.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $15.86.

Genco Shipping & Trading Limited Ordinary Shares New (NYSE GNK) traded up $0.22 on Friday, hitting $12.44. The stock had a trading volume of 169,118 shares, compared to its average volume of 112,257. Genco Shipping & Trading Limited Ordinary Shares New has a 12 month low of $8.47 and a 12 month high of $15.17. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $429.58, a P/E ratio of -2.42 and a beta of 0.19.

In other news, major shareholder Cayman Gp Ltd. Ccp II sold 320,462 shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $13.11, for a total transaction of $4,201,256.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.30% of the stock is currently owned by company insiders.

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About Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands)

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

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