Performance Shipping (NASDAQ:PSHG) Coverage Initiated by Analysts at Alliance Global Partners

Alliance Global Partners initiated coverage on shares of Performance Shipping (NASDAQ:PSHG) in a research report report published on Monday morning, Marketbeat.com reports. The firm issued a buy rating and a $6.50 price objective on the stock.

Performance Shipping Price Performance

Shares of NASDAQ PSHG opened at $2.16 on Monday. The firm has a 50-day simple moving average of $2.16 and a 200-day simple moving average of $2.05. The stock has a market capitalization of $26.52 million, a price-to-earnings ratio of 1.31 and a beta of -0.32. The company has a quick ratio of 5.06, a current ratio of 5.21 and a debt-to-equity ratio of 0.22. Performance Shipping has a 52 week low of $0.81 and a 52 week high of $2.58.

Performance Shipping (NASDAQ:PSHG) last issued its earnings results on Thursday, May 30th. The company reported $0.29 EPS for the quarter. The business had revenue of $21.57 million during the quarter. Performance Shipping had a net margin of 63.54% and a return on equity of 29.21%.

Institutional Investors Weigh In On Performance Shipping

An institutional investor recently bought a new position in Performance Shipping stock. Quadrature Capital Ltd acquired a new position in shares of Performance Shipping Inc. (NASDAQ:PSHG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 24,649 shares of the company’s stock, valued at approximately $56,000. Quadrature Capital Ltd owned about 0.22% of Performance Shipping at the end of the most recent quarter. Hedge funds and other institutional investors own 19.90% of the company’s stock.

Performance Shipping Company Profile