Jefferies Maintains a Hold Rating on Diana Shipping

In a report released today, Douglas Mavrinac from Jefferies maintained a Hold rating on Diana Shipping (NYSE: DSX), with a price target of $3. The company’s shares opened today at $2.82, close to its 52-week low of $1.95.

According to TipRanks.com, Mavrinac is ranked 0 out of 5 stars with an average return of -6.1% and a 46.6% success rate. Mavrinac covers the Services sector, focusing on stocks such as Navios Maritime Partners Lp, Ship Finance International, and Golden Ocean Group Limited.

Diana Shipping has an analyst consensus of Moderate Sell

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The company has a one year high of $7.73 and a one year low of $1.95. Currently, Diana Shipping has an average volume of 514.3k.

Diana Shipping, Inc. operates as a holding company, which provides shipping transportation services through the ownership and operation of dry bulk vessels. The company’s vessels are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. Diana Shipping was founded on March 8, 1999 and is headquartered in Athens, Greece.