Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) Lowered to Sell at ValuEngine

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.

Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Friday, August 11th. BidaskClub raised Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Evercore ISI began coverage on Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a research note on Monday, November 20th. They issued an “outperform” rating and a $15.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.17.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) traded up $0.41 during trading hours on Friday, reaching $11.78. The company’s stock had a trading volume of 73,923 shares, compared to its average volume of 74,510. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 12-month low of $6.37 and a 12-month high of $14.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.23.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the second quarter valued at approximately $129,000. Citigroup Inc. grew its stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 0.4% during the second quarter. Citigroup Inc. now owns 13,652 shares of the shipping company’s stock worth $129,000 after buying an additional 51 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth $136,000. Teachers Advisors LLC bought a new stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the second quarter worth $141,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 9.6% in the second quarter. Cubist Systematic Strategies LLC now owns 16,692 shares of the shipping company’s stock worth $158,000 after purchasing an additional 1,457 shares during the last quarter. Institutional investors own 57.14% of the company’s stock.

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Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 Company Profile

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK)

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