Performance Shipping (NASDAQ:DCIX) Stock Price Up 9.8%

Shares of Performance Shipping Inc (NASDAQ:DCIX) rose 9.8% during trading on Monday . The stock traded as high as $0.95 and last traded at $0.90, approximately 609,378 shares changed hands during mid-day trading. An increase of 14% from the average daily volume of 535,275 shares. The stock had previously closed at $0.82.

The company’s 50-day simple moving average is $0.94 and its 200 day simple moving average is $0.99.

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

A hedge fund recently raised its stake in Performance Shipping stock. Wagner Bowman Management Corp raised its holdings in Performance Shipping Inc (NASDAQ:DCIX) by 1,100.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,000 shares of the shipping company’s stock after buying an additional 110,000 shares during the period. Wagner Bowman Management Corp owned approximately 0.83% of Performance Shipping worth $116,000 as of its most recent SEC filing. Institutional investors and hedge funds own 4.54% of the company’s stock.

About Performance Shipping (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.

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