Performance Shipping (NASDAQ:DCIX) Stock Price Passes Above Two Hundred Day Moving Average of $0.00

Shares of Performance Shipping Inc (NASDAQ:DCIX) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.84. Performance Shipping shares last traded at $0.83, with a volume of 42,812 shares.

The stock has a 50 day simple moving average of $0.96.

Performance Shipping (NASDAQ:DCIX) last announced its quarterly earnings results on Monday, July 29th. The shipping company reported ($0.06) EPS for the quarter. The company had revenue of $4.55 million during the quarter. Performance Shipping had a negative return on equity of 6.01% and a negative net margin of 39.38%.

An institutional investor recently raised its position in Performance Shipping stock. Wagner Bowman Management Corp grew its holdings in shares of Performance Shipping Inc (NASDAQ:DCIX) by 1,100.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,000 shares of the shipping company’s stock after buying an additional 110,000 shares during the quarter. Wagner Bowman Management Corp owned 0.83% of Performance Shipping worth $116,000 at the end of the most recent reporting period. Institutional investors own 4.01% of the company’s stock.

Performance Shipping Company Profile (NASDAQ:DCIX)

Performance Shipping Inc, through its subsidiaries, provides shipping transportation services through its ownership of containerships worldwide. As of March 26, 2019, it owned and operated two post-Panamax and two Panamax container vessels. The company was founded in 2010 and is based in Athens, Greece.

Further Reading: What is the return on assets (ROA) ratio?

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