Stock on the Run: Performance Shipping Inc. (NASDAQ: DCIX)

Sandra Davis

I am Sandra Davis and I have over 16 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets.

I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.

Address: 1611 Hiddenview Drive, Plymouth Meeting, PA 19462, USA
Phone: (+1) 215-962-8358
Email: sandra.davis@seekingreview.com
Sandra Davis

ATHENS, Greece, August 18, 2019 – Shares of Performance Shipping Inc. (NASDAQ: DCIX) inclined 2.49% to $0.82. The stock traded total volume of 129.459K shares lower than the average volume of 204.42K shares.

Performance Shipping Inc. (DCIX) reported a net loss of $0.20M for the first quarter of 2019, contrast to a net loss of $3.90M for the same period of 2018.

Time charter revenues were $5.50M for the first quarter of 2019, contrast to $8.00M for the same period of 2018. This decrease was mainly because of the decrease in size of the Company’s fleet, and was partially offset by the increased time charter rates achieved as a result of improved market conditions.

As of May 9, 2019, the Company had 26.753M shares of common stock issued and outstanding. The Company has been advised by the Nasdaq Stock Market LLC (“Nasdaq”) that its common shares, which trade on the Nasdaq under the symbol “DCIX,” have regained compliance with the minimum bid price requirements under Nasdaq Listing Rule 5450(a)(1).

DCIX has the market capitalization of $29.13M and its EPS growth ratio for the past five years was -39.70%. The return on assets ratio of the Company was -8.00% while its return on investment ratio stands at -43.30%. Price to sales ratio was 1.37 while 2.20% of the stock was owned by institutional investors.

Sandra Davis

Sandra Davis

I am Sandra Davis and I have over 16 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking. Address: 1611 Hiddenview Drive, Plymouth Meeting, PA 19462, USA Phone: (+1) 215-962-8358 Email: sandra.davis@seekingreview.com