Performance Shipping (NASDAQ:PSHG) Releases Quarterly Earnings Results, Meets Expectations

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

Performance Shipping Trading Up 0.9 %

PSHG traded up $0.02 during trading on Friday, hitting $2.21. 26,585 shares of the stock were exchanged, compared to its average volume of 57,626. The firm has a 50 day simple moving average of $2.17 and a 200 day simple moving average of $2.05. The firm has a market cap of $27.14 million, a price-to-earnings ratio of 1.34 and a beta of -0.32. Performance Shipping has a 1 year low of $0.84 and a 1 year 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.

Wall Street Analyst Weigh In

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

Performance Shipping Company Profile