Favorable News Coverage Somewhat Unlikely to Affect Danaos (NYSE:DAC) Stock Price

News stories about Danaos (NYSE:DAC) have been trending positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Danaos earned a news impact score of 0.28 on Accern’s scale. Accern also gave media coverage about the shipping company an impact score of 43.4212502797965 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of NYSE:DAC traded down $0.05 during midday trading on Thursday, reaching $1.30. The company had a trading volume of 12,501 shares, compared to its average volume of 42,049. Danaos has a one year low of $1.05 and a one year high of $3.20. The firm has a market cap of $142.74 million, a PE ratio of 1.24 and a beta of 0.72.

DAC has been the topic of several research analyst reports. ValuEngine raised shares of Danaos from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research upgraded shares of Danaos from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $2.00 price objective on shares of Danaos in a research note on Friday, March 2nd.

Danaos Company Profile

Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2018, it had a fleet of 55 containerships aggregating 327,616 twenty foot equivalent units.

Insider Buying and Selling by Quarter for Danaos (NYSE:DAC)

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