Grindrod Shipping Holdings Ltd (GRIN) Stock: What Does the Chart Say Monday?

The market has been down on Grindrod Shipping Holdings Ltd (GRIN) stock recently. GRIN gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Grindrod Shipping Holdings Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GRIN!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With GRIN Stock Today?

Grindrod Shipping Holdings Ltd (GRIN) stock is down -2.09% while the S&P 500 is higher by 0.46% as of 3:05 PM on Monday, Mar 27. GRIN is lower by -$0.23 from the previous closing price of $11.25 on volume of 89,406 shares. Over the past year the S&P 500 is lower by -12.81% while GRIN is lower by -55.28%. GRIN earned $5.45 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.01. To see InvestorsObserver's Sentiment Score for Grindrod Shipping Holdings Ltd click here.

More About Grindrod Shipping Holdings Ltd

Grindrod Shipping Holdings Ltd owns charters in and operates a fleet of drybulk carriers and one tanker. The drybulk carrier's business is further divided into handysize, and supramax. It generates its revenue from Vessels which comprise charter hire of ships and freight revenue. Click Here to get the full Stock Report for Grindrod Shipping Holdings Ltd stock.