OceanPal Inc. (NASDAQ:OP – Get Free Report) dropped 1.4% during trading on Friday . The stock traded as low as $1.40 and last traded at $1.41. Approximately 7,425 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 23,314 shares. The stock had previously closed at $1.43.
OceanPal Trading Down 1.4 %
The company has a market cap of $10.50 million, a price-to-earnings ratio of -0.49 and a beta of 0.49. The stock has a 50-day simple moving average of $1.58 and a 200-day simple moving average of $1.74.
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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