NEW YORK ( TheStreet) -- Diana Shipping (NYSE: DSX) is trading at unusually high volume Friday with 1.8 million shares changing hands. It is currently at four times its average daily volume and trading up 33 cents (+3.8%) at $8.93 as of 3:50 p.m. ET. Diana Shipping has a market cap of $690.3 million and is part of the services sector and transportation industry. Shares are up 15% year to date as of the close of trading on Thursday. Diana Shipping Inc. provides shipping transportation services. It transports dry bulk cargoes that include commodities, such as iron ore, coal, grain, and other materials along worldwide shipping routes. The company has a P/E ratio of 6.5, above the average transportation industry P/E ratio of 5.6 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Diana Shipping as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Diana Shipping Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.