Shares of OceanPal Inc. (NASDAQ:OP – Get Free Report) were down 0.6% on Wednesday . The company traded as low as $1.51 and last traded at $1.53. Approximately 2,275 shares traded hands during trading, a decline of 91% from the average daily volume of 26,428 shares. The stock had previously closed at $1.54.
OceanPal Stock Down 0.6 %
The firm’s fifty day simple moving average is $1.72 and its 200-day simple moving average is $2.14. The firm has a market capitalization of $11.40 million, a PE ratio of -0.54 and a beta of 0.53.
OceanPal (NASDAQ:OP – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($1.16) earnings per share (EPS) for the quarter. OceanPal had a negative net margin of 58.08% and a negative return on equity of 14.26%. The firm had revenue of $6.74 million for the quarter.
OceanPal Company Profile
OceanPal Inc provides ocean-going transportation services worldwide. The company owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including bauxite, phosphate, and fertilizers. As of December 31, 2023, its fleet consisted of five dry bulk carriers, which include three Panamaxes and two Capesize vessels with a cargo carrying capacity of approximately 572,599 deadweight tons.
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