Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) Given Media Impact Rating of 0.05

Headlines about Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 earned a news impact score of 0.05 on Accern’s scale. Accern also gave news stories about the shipping company an impact score of 46.2769326374248 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) traded down 3.23% on Wednesday, reaching $12.88. 34,755 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $13.62 and a 200-day moving average price of $12.24. The company’s market capitalization is $443.39 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 1-year low of $4.17 and a 1-year high of $14.75.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last announced its quarterly earnings results on Monday, August 7th. The shipping company reported ($0.36) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.03. The business had revenue of $45.37 million during the quarter, compared to analysts’ expectations of $43.91 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative return on equity of 8.98% and a negative net margin of 49.36%. Equities research analysts expect that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will post ($1.33) earnings per share for the current year.

Several research analysts recently issued reports on GNK shares. BidaskClub cut shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a report on Friday, July 28th. ValuEngine cut shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Zacks Investment Research raised shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $20.00 target price (down previously from $22.00) on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $15.20.

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About Genco Shipping & Trading Limited Warrants Expiring 12/31/2021

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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