OceanPal (NASDAQ:OP) Posts Quarterly Earnings Results

OceanPal (NASDAQ:OP) announced its earnings results on Friday. The company reported ($0.08) EPS for the quarter, Zacks reports. OceanPal had a negative return on equity of 14.26% and a negative net margin of 58.08%.

OceanPal Trading Down 1.4 %

OceanPal stock opened at $1.09 on Friday. The business’s 50 day simple moving average is $1.49 and its 200 day simple moving average is $1.67. OceanPal has a 12 month low of $1.04 and a 12 month high of $3.15. The company has a market cap of $8.12 million, a price-to-earnings ratio of -0.38 and a beta of 0.49.

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.