Shares of OceanPal Inc. (NASDAQ:OP – Get Free Report) traded down 1.6% during mid-day trading on Friday . The company traded as low as $1.21 and last traded at $1.22. 12,354 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 17,205 shares. The stock had previously closed at $1.24.
OceanPal Stock Down 1.6 %
The firm has a market cap of $9.09 million, a price-to-earnings ratio of -0.65 and a beta of 0.51. The business has a 50 day moving average price of $1.32 and a 200-day moving average price of $1.56.
OceanPal (NASDAQ:OP – Get Free Report) last posted its earnings results on Friday, December 20th. The company reported ($0.08) earnings per share (EPS) for the quarter. OceanPal had a negative net margin of 37.37% and a negative return on equity of 10.69%.
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.
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