News to Track: Diana Shipping Inc. (NYSE:DSX)

 Diana Shipping Inc. (NYSE:DSX) stock identified change of 28.68% away from 52-week low price and recently located move of -25.30% off 52-week high price. It has market worth of $326.80MM. DSX stock has been recorded -11.85% away from 50 day moving average and -5.93% away from 200 day moving average. Moving closer, we can see that shares have been trading -6.22% off 20-day moving average.

On Dec. 16, 2019, Diana Shipping Inc. (NYSE:DSX) a global shipping company specializing in the ownership of dry bulk vessels, reported that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Pacbulk Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Santa Barbara. The gross charter rate is US$17,250 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to maximum fourteen (14) months. The charter is expected to commence on December 27, 2019.

The Santa Barbara is a 179,426 dwt Capesize dry bulk vessel built in 2015.

This employment is anticipated to generate approximately US$6.21 million of gross revenue for the minimum scheduled period of the time charter.

About the Company

Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.

 The Services sector company, Diana Shipping Inc. noticed change of 0.32% to $3.1 along volume of 321008 shares in recent session compared to an average volume of 321.92K. The stock observed return of -2.52% in 5 days trading activity. The stock was at -10.40% over one month performance. DSX’s shares are at -6.91% for the quarter and driving a -6.63% return over the course of the past year and is now at -2.52% since this point in 2018. 

 The average volatility for the week at 3.92% and for month was at 3.61%. There are 105.42M shares outstanding and 85.57M shares are floated in market. Right now the stock beta is 0.89. 

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