Golden Ocean Group (NASDAQ:GOGL) was downgraded by equities researchers at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Monday, MarketBeat reports.
Several other research analysts also recently commented on GOGL. BidaskClub downgraded shares of Golden Ocean Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of Golden Ocean Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Clarkson Capital downgraded shares of Golden Ocean Group from a “buy” rating to a “neutral” rating in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Golden Ocean Group has a consensus rating of “Buy” and an average target price of $11.00.
Golden Ocean Group (NASDAQ GOGL) traded up $0.44 on Monday, reaching $8.59. 299,553 shares of the company traded hands, compared to its average volume of 208,447. The company has a market cap of $1,200.00, a P/E ratio of -45.21 and a beta of 2.13. Golden Ocean Group has a 52 week low of $5.43 and a 52 week high of $9.95. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.68 and a current ratio of 2.68.
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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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