In yesterday’s Wall Street session, International Seaways Inc (NYSE:INSW) shares traded at $35.79, down -1.24% from the previous session.
INSW stock price is now -9.53% away from the 50-day moving average and -26.15% away from the 200-day moving average. The market capitalization of the company currently stands at $1.74B.
With the price target reduced from $69 to $56, Stifel Downgraded its rating from Buy to Hold for International Seaways Inc (NYSE: INSW). On October 11, 2022, Deutsche Bank recently initiated its ‘Buy’ rating on the stock quoting a target price of $40, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, Zabrocky Lois K, President & CEO sold 2,000 shares of the company’s stock on Dec 16 ’24. The stock was sold for $67,912 at an average price of $33.96. Upon completion of the transaction, the President & CEO now directly owns 149,045 shares in the company, valued at $5.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Officer LOIS K ZABROCKY bought 6,000 shares of the business’s stock. A total of $209,820 was incurred on buying the stock at an average price of $34.97. A total of 19.79% of the company’s stock is owned by insiders.
During the past 12 months, International Seaways Inc has had a low of $32.11 and a high of $60.46. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 3.60, and a quick ratio of 3.60. The fifty day moving average price for INSW is $40.573 and a two-hundred day moving average price translates $51.361 for the stock.
The latest earnings results from International Seaways Inc (NYSE: INSW) was released for 2024-09-30. The net profit margin was 50.91% and return on equity was 29.11% for INSW. The company reported revenue of $225.19 million for the quarter, compared to $241.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.83 percent.
