The stock of Diana Containerships Inc (NASDAQ:DCIX) reached all time low today, Nov, 3 and still has $2.06 target or 14.00% below today’s $2.40 share price. This indicates more downside for the $22.47 million company. This technical setup was reported by Barchart.com. If the $2.06 PT is reached, the company will be worth $3.15M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock last traded at $2.4 per share. It is down 46.43% since April 1, 2016 and is downtrending. It has underperformed by 47.64% the S&P500.
Analysts await Diana Containerships Inc (NASDAQ:DCIX) to report earnings on November, 8. They expect $-0.77 earnings per share, down 862.50% or $0.69 from last year’s $-0.08 per share. After $-0.88 actual earnings per share reported by Diana Containerships Inc for the previous quarter, Wall Street now forecasts -12.50% EPS growth.
Diana Containerships Inc (NASDAQ:DCIX) Ratings Coverage
Out of 2 analysts covering Diana Containerships (NASDAQ:DCIX), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Diana Containerships has been the topic of 2 analyst reports since September 17, 2015 according to StockzIntelligence Inc. On Friday, November 20 the stock rating was downgraded by Wells Fargo to “Underperform”. The firm has “Hold” rating by Zacks given on Thursday, September 17.
According to Zacks Investment Research, “Diana Containerships Inc. is primarily focused on the worldwide transportation of container cargoes and owns and operates two 3,426 TEU containerships. It plans to engage in the seaborne transportation of finished consumer and industrial products.”
More important recent Diana Containerships Inc (NASDAQ:DCIX) news were published by: Globenewswire.com which released: “Diana Containerships Inc. Announces Amendment to Loan Agreements” on September 14, 2016, also Nasdaq.com published article titled: “Diana Containerships Inc. Announces the Date for the 2016 Third Quarter …”, Globenewswire.com published: “Diana Containerships Inc. Announces the Delivery of a Post-Panamax Container …” on November 16, 2015. More interesting news about Diana Containerships Inc (NASDAQ:DCIX) was released by: Globenewswire.com and their article: “Diana Containerships Inc. Announces Reverse Stock Split” with publication date: June 01, 2016.
DCIX Company Profile
Diana Containerships Inc., incorporated on January 7, 2010, is engaged in the business of ownership of containerships. The Firm is engaged in the seaborne transportation industry through the ownership of containerships and operates its fleet through Unitized Ocean Transport Limited (UOT), a subsidiary of the Company. UOT provides the Company and its vessels with management and administrative services.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.