Diana Containerships Inc. (DCIX) Stock Price Down 68.5% After Earnings Miss
Diana Containerships Inc. (NASDAQ:DCIX)’s share price traded down 68.5% during trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $4.05 and last traded at $4.05, with a volume of 13,446,640 shares changing hands. The stock had previously closed at $12.86.
The company reported ($13.84) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.78) by $13.06. The firm earned $8 million during the quarter, compared to analyst estimates of $8.10 million. Diana Containerships had a negative net margin of 62.48% and a negative return on equity of 7.10%. The business’s quarterly revenue was down 50.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.12) EPS.
A number of equities analysts have recently weighed in on the stock. BB&T Corp. lowered shares of Diana Containerships from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Jefferies Group reaffirmed a “buy” rating on shares of Diana Containerships in a research report on Monday, August 29th. Finally, Zacks Investment Research lowered shares of Diana Containerships from a “hold” rating to a “sell” rating in a research report on Friday, July 29th.
A hedge fund recently raised its stake in Diana Containerships stock. Barclays PLC boosted its stake in shares of Diana Containerships Inc. (NASDAQ:DCIX) by 299,441.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 158,757 shares of the company’s stock after buying an additional 158,704 shares during the period. Barclays PLC owned approximately 1.73% of Diana Containerships worth $562,000 as of its most recent SEC filing. 29.40% of the stock is currently owned by hedge funds and other institutional investors.
The stock’s market capitalization is $49.15 million. The firm’s 50-day moving average is $3.16 and its 200 day moving average is $3.97.
Diana Containerships Company Profile
Diana Containerships Inc is engaged in the business of ownership of containerships. The Company is engaged in the seaborne transportation industry through the ownership of containerships and operates its fleet through Unitized Ocean Transport Limited (UOT), a subsidiary of the Company. UOT provides the Company and its vessels with management and administrative services.
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