Performance Shipping (NASDAQ:PSHG) Trading Down 1% – Time to Sell?

Shares of Performance Shipping Inc. (NASDAQ:PSHGGet Free Report) dropped 1% on Thursday . The company traded as low as $1.55 and last traded at $1.56. Approximately 9,206 shares changed hands during trading, a decline of 87% from the average daily volume of 68,523 shares. The stock had previously closed at $1.58.

Performance Shipping Price Performance

The stock has a market cap of $19.27 million, a P/E ratio of 1.38 and a beta of -0.59. The company has a debt-to-equity ratio of 0.19, a quick ratio of 5.56 and a current ratio of 5.61. The firm has a 50-day moving average price of $1.64 and a 200-day moving average price of $1.79.

Performance Shipping (NASDAQ:PSHGGet Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.25 earnings per share (EPS) for the quarter. Performance Shipping had a return on equity of 16.99% and a net margin of 49.49%. The business had revenue of $19.82 million during the quarter.

About Performance Shipping

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