Is Grindrod Shipping Holdings Ltd (GRIN) Stock About to Get Hot Wednesday?

Grindrod Shipping Holdings Ltd (GRIN) stock is higher by 20.13% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Grindrod Shipping Holdings Ltd has a Bullish 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?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With GRIN Stock Today?

Grindrod Shipping Holdings Ltd (GRIN) stock is higher by 14.93% while the S&P 500 is lower by -0.15% as of 11:53 AM on Wednesday, Apr 19. GRIN has risen $1.62 from the previous closing price of $10.85 on volume of 117,222 shares. Over the past year the S&P 500 has fallen -5.53% while GRIN is lower by -53.16%. GRIN earned $5.45 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.28.

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.