Overall market sentiment has been high on Grindrod Shipping Holdings Ltd (GRIN) stock lately. GRIN receives a Bullish rating from InvestorsObserver Stock 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!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With GRIN Stock Today?
Grindrod Shipping Holdings Ltd (GRIN) stock is higher by 0.53% while the S&P 500 is lower by -1.04% as of 3:34 PM on Tuesday, Sep 20. GRIN has risen $0.13 from the previous closing price of $24.75 on volume of 198,016 shares. Over the past year the S&P 500 is lower by -11.44% while GRIN has risen 53.11%. GRIN earned $9.29 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.68.
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.
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