Genco Transport & Buying and selling Restricted (NYSE:GNK) was the recipient of a giant lower in brief curiosity in July. As of July 31st, there was brief curiosity totalling 890,200 shares, a lower of 14.4% from the July 15th whole of 1,040,00Zero shares. At present, 2.5% of the shares of the stock are brief offered. Based mostly on a mean every day buying and selling quantity, of 264,900 shares, the days-to-cover ratio is at present 3.Four days. Shares of GNK traded down $0.18 throughout buying and selling hours on Friday, hitting $6.95. The stock had a buying and selling quantity of 95,100 shares, in comparison with its common quantity of 176,944. Genco Transport & Buying and selling has a 12-month low of $4.27 and a 12-month excessive of $11.82. The corporate’s fifty day easy transferring common is $6.66 and its 200 day easy transferring common is $6.28. The corporate has a debt-to-equity ratio of 0.50, a fast ratio of 1.71 and a present ratio of 1.92. The agency has a market cap of $290.52 million, a P/E ratio of -1.91 and a beta of 0.77. Genco Transport & Buying and selling (NYSE:GNK) final introduced its quarterly earnings outcomes on Wednesday, August fifth. The transport firm reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.05. Genco Transport & Buying and selling had a unfavourable return on fairness of two.70% and a unfavourable web margin of 39.55%. As a gaggle, sell-side analysts predict that Genco Transport & Buying and selling will put up -0.34 earnings per share for the present fiscal yr. The corporate additionally not too long ago introduced a quarterly dividend, which will probably be paid on Tuesday, August 25th. Shareholders of document on Monday, August 17th will probably be issued a $0.02 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.08 annualized dividend and a yield of 1.15%. Genco Transport & Buying and selling’s dividend payout ratio (DPR) is presently -11.94%. GNK has been the topic of a variety of analyst reviews. Evercore ISI reissued a “market carry out” ranking and issued a $9.00 price goal on shares of Genco Transport & Buying and selling in a report on Friday, May 29th. DNB Markets raised shares of Genco Transport & Buying and selling from a “maintain” ranking to a “purchase” ranking and set a $8.90 price goal on the stock in a analysis be aware on Wednesday, July 29th. Noble Monetary reissued a “purchase” ranking on shares of Genco Transport & Buying and selling in a analysis report on Friday, August seventh. B. Riley restated a “purchase” ranking and set a $11.00 goal price on shares of Genco Transport & Buying and selling in a analysis report on Wednesday, June 17th. Lastly, ValuEngine raised Genco Transport & Buying and selling from a “maintain” ranking to a “purchase” ranking in a analysis be aware on Friday, May 1st. Two equities analysis analysts have rated the stock with a maintain ranking and 5 have issued a purchase ranking to the stock. The stock has a consensus ranking of “Purchase” and a consensus price goal of $10.44.Hedge funds have not too long ago made adjustments to their positions within the firm. Tudor Funding Corp Et Al acquired a brand new stake in Genco Transport & Buying and selling throughout the 2nd quarter worth $65,000. American Worldwide Group Inc. elevated its holdings in shares of Genco Transport & Buying and selling by 16.5% within the second quarter. American Worldwide Group Inc. now owns 10,463 shares of the transport firm’s stock worth $66,00Zero after buying a further 1,482 shares within the final quarter. Moors & Cabot Inc. acquired a brand new stake in shares of Genco Transport & Buying and selling throughout the first quarter worth about $83,000. Bank of America Corp DE grew its place in shares of Genco Transport & Buying and selling by 47.2% within the 2nd quarter. Bank of America Corp DE now owns 13,383 shares of the transport firm’s stock valued at $83,00Zero after buying a further 4,290 shares throughout the interval. Lastly, Raymond James Monetary Companies Advisors Inc. purchased a brand new stake in Genco Transport & Buying and selling throughout the 1st quarter worth roughly $100,000. 81.00% of the stock is owned by institutional buyers. About Genco Transport & TradingGenco Transport & Buying and selling Restricted, along with its subsidiaries, engages within the ocean transportation of dry bulk cargoes worldwide. The corporate, by the possession and operation of dry bulk service vessels, transports iron ore, coal, grains, metal merchandise, and different dry-bulk cargoes. It charters its vessels primarily to buying and selling homes, together with commodities merchants; producers; and government-owned entities.Advisable Story: What does an equal weight ranking imply?This prompt information alert was generated by narrative science know-how and monetary information from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to [email protected]7 Stocks That Aggressive Traders Can Purchase NowThere’s nothing like a steep market correction to check the danger urge for food of even essentially the most seasoned investor. With many buyers seeing their 401ok’s down 25%, 30% or extra, it’s not shocking that many buyers are taking cash off the desk.
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View the “7 Stocks That Aggressive Traders Can Purchase Now”.