Performance Shipping (NASDAQ:DCIX) Shares Pass Above Two Hundred Day Moving Average of $0.00

Performance Shipping Inc (NASDAQ:DCIX)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.85. Performance Shipping shares last traded at $0.84, with a volume of 200 shares traded.

The stock has a 50 day moving average price of $0.97.

Performance Shipping (NASDAQ:DCIX) last issued its earnings results on Monday, July 29th. The shipping company reported ($0.06) EPS for the quarter. The company had revenue of $4.55 million during the quarter. Performance Shipping had a negative net margin of 39.38% and a negative return on equity of 6.01%.

An institutional investor recently raised its position in Performance Shipping stock. Wagner Bowman Management Corp grew its holdings in shares of Performance Shipping Inc (NASDAQ:DCIX) by 1,100.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,000 shares of the shipping company’s stock after buying an additional 110,000 shares during the period. Wagner Bowman Management Corp owned 0.83% of Performance Shipping worth $116,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 3.25% of the company’s stock.

Performance Shipping Company Profile (NASDAQ:DCIX)

Performance Shipping Inc, through its subsidiaries, provides shipping transportation services through its ownership of containerships worldwide. As of March 26, 2019, it owned and operated two post-Panamax and two Panamax container vessels. The company was founded in 2010 and is based in Athens, Greece.

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