|Day Low/High||10.66 / 11.16|
|52 Wk Low/High||3.62 / 14.75|
In recent trading, shares of Genco Shipping & Trading Ltd have crossed above the average analyst 12-month target price of $9.50, changing hands for $9.89/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
With the drybulk market having reached a 30 year low in 2016, the outlook for 2017 - and beyond - has significantly improved, says Genco Shipping President John Wobensmith.
Sea-transport provider rallies as scant inventory of its shares sparks dramatic short squeeze.
Director Arthur L. Regan Elected as Interim Executive Chairman
Baltic Mantis Commences Spot Market-Related Time Charter
TheStreet Quant Ratings provides fair and objective information to help you make educated investing decisions. We rate over 4,300 stocks daily and provide 5-page PDF reports for each stock. These ratings can change daily and today's changes are reflected in the email below. If you are looking to check-up on the stocks you currently own or are looking for new ideas, you can find our full database of password-protected ratings reports in our proprietary ratings screener: http://www.thestreet.com/k/qr/flat/stock-screener.html Upgrades: ASFI, DCUB, PRSC, RCKY, RDCM Downgrades: BITA, CG, EGAS, HEP, KMI, MGLN, NSU, RNF, SILC Initiations: CDNA, GNK, IRMD Read on to get TheStreet Quant Ratings' detailed report:
Baltic Scorpion to Commence Spot Market-Related Time Charter