DNB Markets downgraded shares of Himalaya Shipping (NYSE:HSHP – Free Report) from a hold rating to a sell rating in a research note issued to investors on Monday morning, Marketbeat Ratings reports.
Himalaya Shipping Trading Up 1.5 %
HSHP stock opened at $7.39 on Monday. Himalaya Shipping has a one year low of $4.30 and a one year high of $9.76. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.04 and a current ratio of 1.04. The company has a fifty day moving average of $8.24 and a 200-day moving average of $8.17.
Himalaya Shipping (NYSE:HSHP – Get Free Report) last released its earnings results on Thursday, May 23rd. The company reported $0.06 EPS for the quarter. The firm had revenue of $23.58 million during the quarter.
Himalaya Shipping Increases Dividend
Hedge Funds Weigh In On Himalaya Shipping
Large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP purchased a new position in shares of Himalaya Shipping in the 1st quarter valued at about $771,000. Kim LLC purchased a new position in shares of Himalaya Shipping in the 4th quarter valued at about $14,023,000. Russell Investments Group Ltd. purchased a new position in shares of Himalaya Shipping in the 4th quarter valued at about $214,000. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Himalaya Shipping in the 4th quarter valued at about $70,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Himalaya Shipping by 166.0% in the 2nd quarter. Hsbc Holdings PLC now owns 95,767 shares of the company’s stock valued at $845,000 after purchasing an additional 59,765 shares in the last quarter. Hedge funds and other institutional investors own 22.33% of the company’s stock.
Himalaya Shipping Company Profile
Himalaya Shipping Ltd. provides dry bulk shipping services worldwide. The company operates a fleet of vessels. It serves major commodity trading, commodity and energy transition, and multi-modal transport companies. Himalaya Shipping Ltd. was incorporated in 2021 and is based in Hamilton, Bermuda.
Read More
- Five stocks we like better than Himalaya Shipping
- The How And Why of Investing in Oil Stocks
- Target Hits the Mark: Q2 Earnings Exceed Expectations
- Financial Services Stocks Investing
- Is Tesla’s Rebound Just Starting? Why You Should Consider Buying
- 5 discounted opportunities for dividend growth investors
- Stanley Druckenmiller’s Latest Bet: MELI—Should You Follow Suit?
Receive News & Ratings for Himalaya Shipping Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himalaya Shipping and related companies with MarketBeat.com's FREE daily email newsletter.