Genco Shipping & Trading Limited Setting The Table For Earnings

Genco Shipping & Trading Limited (:GNK) will have earnings take center stage when the firm posts their results on 8/7/2017 4:30:00 PM. For the last period, the company reported quarter over quarter EPS growth of 93.80% and quarter over quarter sales growth of 82.80%.

Heading into the earnings release, covering analysts have a consensus target price of $15.70 on Genco Shipping & Trading Limited shares. After a recent check, company stock has been trading near the $10.26 mark.

Sell-side analysts have also provided a consensus recommendation of 1.90 on company shares. Investors will be eagerly watching to see if the firm beats or misses on the earnings front.

Depending on the earnings numbers reported, Genco Shipping & Trading Limited (:GNK) stock may see increased volatility following the report. In terms of recent volatility, the average for the month is 5.78% and 4.79% for the past week. The relative volume (ratio between current volume and 3-month average) is presently sitting at 0.86.

Since the start of the New Year, Genco Shipping & Trading Limited (:GNK) shares have seen a move of 39.02%. Looking back over the last month, shares have performed 13.37%. For the past 5 days of trading, the stock has seen a move of 4.16%.

Let’s also take a brief look at the stock price in relation to some highs/lows and moving averages. Genco Shipping & Trading Limited (:GNK) shares have been recently spotted -31.55% away from the 52-week high, and 183.28% away from the 52-week low mark. After a recent look, shares have been seen 6.84% from the 200-day moving average, and 5.24% from the 50-day moving average. The stock’s current RSI reading is at 53.65.

As the earnings date approaches, we can see that insider ownership is currently 0.30% shares, and institutional ownership is at 86.20% for Genco Shipping & Trading Limited (:GNK) stock. Over the past few months, insider ownership has seen a move of 0.00% while institutional ownership has changed 0.22%.