Performance Shipping (NASDAQ:PSHG) Issues Quarterly Earnings Results

Performance Shipping (NASDAQ:PSHG) posted its quarterly earnings results on Thursday. The company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26, Zacks reports. The firm had revenue of $20.51 million for the quarter. Performance Shipping had a return on equity of 24.68% and a net margin of 62.19%.

Performance Shipping Stock Performance

Shares of Performance Shipping stock traded up $0.02 during trading hours on Friday, hitting $2.21. 26,585 shares of the company’s stock traded hands, compared to its average volume of 57,626. Performance Shipping has a 12-month low of $0.84 and a 12-month high of $2.58. The company has a fifty day simple moving average of $2.17 and a 200-day simple moving average of $2.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.21 and a quick ratio of 5.06. The stock has a market capitalization of $27.14 million, a price-to-earnings ratio of 1.34 and a beta of -0.32.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners initiated coverage on shares of Performance Shipping in a research report on Monday, July 22nd. They set a “buy” rating and a $6.50 target price on the stock.

Performance Shipping Company Profile