Overall market sentiment has been neutral on Genco Shipping & Trading Ltd (GNK) stock lately. GNK receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.
Genco Shipping & Trading Ltd has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on GNK!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 GNK Stock Today?
Genco Shipping & Trading Ltd (GNK) stock is higher by 1.88% while the S&P 500 is lower by -0.76% as of 11:24 AM on Thursday, Oct 5. GNK is up $0.26 from the previous closing price of $13.86 on volume of 121,568 shares. Over the past year the S&P 500 has gained 11.61% while GNK is up 4.59%. GNK earned $1.95 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.24.
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More About Genco Shipping & Trading Ltd
Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain and other core commodities. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters.
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