The stock of Genco Shipping & Trading Limited (NYSE:GNK) last traded at $13.95, up 1.09% from the previous session.
GNK stock price is now 3.56% away from the 50-day moving average and -5.58% away from the 200-day moving average. The market capitalization of the company currently stands at $599.28M.
With the price target reduced from $26 to $17, Stifel Downgraded its rating from Buy to Hold for Genco Shipping & Trading Limited (NYSE: GNK). , while ‘Stifel’ rates the stock as ‘Buy’
In other news, WOBENSMITH JOHN C, CEO, President, and Secretary sold 9,533 shares of the company’s stock on Mar 04 ’25. The stock was sold for $134,606 at an average price of $14.12. Upon completion of the transaction, the CEO, President, and Secretary now directly owns 505,831 shares in the company, valued at $7.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 24 ’25, Chief Commercial Officer Christensen Jesper sold 13,602 shares of the business’s stock. A total of $189,855 was realized by selling the stock at an average price of $13.96. This leaves the insider owning 57,322 shares of the company worth $0.8 million. A total of 9.63% of the company’s stock is owned by insiders.
During the past 12 months, Genco Shipping & Trading Limited has had a low of $11.20 and a high of $22.18. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 1.79, and a quick ratio of 1.28. According to the stock market information, the enterprise value for the company is $621874176, which is based on a 13.37 price-to-earnings ratio, a 3.46 price-to-earnings-growth ratio, and a beta of 1.15. The fifty day moving average price for GNK is $13.4708 and a two-hundred day moving average price translates $14.7741 for the stock.
The latest earnings results from Genco Shipping & Trading Limited (NYSE: GNK) was released for 2025-03-31. The net profit margin was 12.12% and return on equity was 5.02% for GNK. The company reported revenue of $71.27 million for the quarter, compared to $117.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -39.31 percent. For the current quarter, analysts expect GNK to generate $49.75M in revenue.
