Performance Shipping (NASDAQ:PSHG) Posts Quarterly Earnings Results, Meets Estimates

Performance Shipping (NASDAQ:PSHG) issued its quarterly earnings data on Thursday. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26, Zacks reports. The business had revenue of $20.51 million during the quarter. Performance Shipping had a return on equity of 24.68% and a net margin of 62.19%.

Performance Shipping Stock Up 0.9 %

Shares of NASDAQ PSHG traded up $0.02 during mid-day trading on Friday, reaching $2.21. The company had a trading volume of 26,585 shares, compared to its average volume of 57,626. Performance Shipping has a twelve month low of $0.84 and a twelve month high of $2.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.06 and a current ratio of 5.21. The stock has a market capitalization of $27.14 million, a PE ratio of 1.34 and a beta of -0.32. The stock’s 50 day moving average is $2.17 and its 200-day moving average is $2.05.

Analyst Ratings Changes

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

Performance Shipping Company Profile