Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other equities research analysts have also weighed in on the stock. Jefferies Group LLC boosted their price objective on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from $19.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Zacks Investment Research lowered shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Seaport Global Securities raised shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Wednesday, May 10th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $15.20.

Shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) opened at 10.81 on Tuesday. The stock has a 50 day moving average price of $9.74 and a 200-day moving average price of $10.57. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 1-year low of $3.62 and a 1-year high of $14.99. The company’s market cap is $371.94 million.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last announced its quarterly earnings data on Monday, August 7th. The shipping company reported ($0.36) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.03. The firm had revenue of $45.37 million for the quarter, compared to analyst estimates of $43.91 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative net margin of 49.36% and a negative return on equity of 9.10%. Equities research analysts forecast that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will post ($1.65) earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Horseman Capital Management Ltd acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth about $4,276,000. Bank of New York Mellon Corp acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth about $136,000. Dynamic Technology Lab Private Ltd increased its position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 38.7% in the first quarter. Dynamic Technology Lab Private Ltd now owns 34,935 shares of the shipping company’s stock worth $437,000 after buying an additional 9,753 shares in the last quarter. Laurion Capital Management LP acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth about $362,000. Finally, Segantii Capital Management Ltd acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth about $141,000. Institutional investors own 56.45% of the company’s stock.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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