OceanPal Inc. (NASDAQ:OP – Get Free Report) shares dropped 0.8% on Tuesday . The stock traded as low as $2.50 and last traded at $2.50. Approximately 12,575 shares were traded during trading, a decline of 58% from the average daily volume of 29,667 shares. The stock had previously closed at $2.52.
OceanPal Price Performance
The company has a 50 day moving average price of $2.53 and a two-hundred day moving average price of $2.42. The stock has a market cap of $18.63 million, a PE ratio of -0.80 and a beta of 0.53.
OceanPal (NASDAQ:OP – Get Free Report) last announced its earnings results on Thursday, April 11th. The company reported ($0.42) earnings per share (EPS) for the quarter. OceanPal had a negative net margin of 10.43% and a negative return on equity of 5.96%. The business had revenue of $5.81 million for the quarter.
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.
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