OceanPal (NASDAQ:OP) Posts Earnings Results

OceanPal (NASDAQ:OP) announced its earnings results on Friday. The company reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. OceanPal had a negative net margin of 58.08% and a negative return on equity of 14.26%.

OceanPal Price Performance

Shares of NASDAQ:OP opened at $1.09 on Friday. The company has a market capitalization of $8.12 million, a P/E ratio of -0.38 and a beta of 0.49. OceanPal has a 1-year low of $1.04 and a 1-year high of $3.15. The firm’s 50 day simple moving average is $1.49 and its two-hundred day simple moving average is $1.67.

OceanPal Company Profile

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.