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Diana Containerships Inc. Stock Downgraded (DCIX)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Diana Containerships (Nasdaq: DCIX) has been downgraded by TheStreet Ratings from hold to sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, unimpressive growth in net income and feeble growth in its earnings per share.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:

  • The share price of DIANA CONTAINERSHIPS INC has not done very well: it is down 9.16% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. Looking ahead, we do not see anything in this company's numbers that would change the one-year trend. It was down over the last twelve months; and it could be down again in the next twelve. Naturally, a bull or bear market could sway the movement of this stock.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Marine industry. The net income has significantly decreased by 79.3% when compared to the same quarter one year ago, falling from $1.31 million to $0.27 million.
  • DIANA CONTAINERSHIPS INC has exprienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, DIANA CONTAINERSHIPS INC increased its bottom line by earning $0.24 versus $0.16 in the prior year. For the next year, the market is expecting a contraction of 112.5% in earnings (-$0.03 versus $0.24).
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Marine industry and the overall market on the basis of return on equity, DIANA CONTAINERSHIPS INC underperformed against that of the industry average and is significantly less than that of the S&P 500.
  • 37.30% is the gross profit margin for DIANA CONTAINERSHIPS INC which we consider to be strong. Despite the high profit margin, it has decreased significantly from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 1.85% trails the industry average.
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Diana Containerships Inc. owns and operates containerships in Greece. The company engages in the seaborne transportation of semi-finished and finished consumer and industrial products. As of November 6, 2012, its fleet consisted of nine containerships. The company has a P/E ratio of 27.2, above the S&P 500 P/E ratio of 17.7. Diana Containerships has a market cap of $192.5 million and is part of the services sector and transportation industry. Shares are down 1% year to date as of the close of trading on Monday.

You can view the full Diana Containerships Ratings Report or get investment ideas from our investment research center.

-- Written by a member of TheStreet Ratings Staff

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