Golden Ocean Group (NASDAQ:GOGL) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
A number of other brokerages also recently issued reports on GOGL. Clarkson Capital downgraded Golden Ocean Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 17th. Zacks Investment Research downgraded Golden Ocean Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $11.00.
Shares of Golden Ocean Group (NASDAQ GOGL) opened at $8.99 on Friday. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $1,270.00, a PE ratio of -47.32 and a beta of 2.31. Golden Ocean Group has a 52-week low of $4.71 and a 52-week high of $9.95.
About Golden Ocean Group
Golden Ocean Group Limited, formerly Knightsbridge Shipping Limited, is an international dry bulk shipping company. The Company is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers.
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