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Genco Shipping & Trading Limited (GNK)

NYSE - Nasdaq Real Time Price. Currency in USD
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11.14+0.74 (+7.12%)
At close: 4:00PM EDT

10.93 -0.21 (-1.89%)
After hours: 5:59PM EDT

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Previous Close10.40
Open10.40
Bid11.00 x 800
Ask11.13 x 1200
Day's Range10.35 - 11.26
52 Week Range4.30 - 12.56
Volume563,768
Avg. Volume890,222
Market Cap466.904M
Beta (5Y Monthly)0.80
PE Ratio (TTM)N/A
EPS (TTM)-5.38
Earnings DateApr 12, 2021
Forward Dividend & Yield0.08 (0.75%)
Ex-Dividend DateMar 09, 2021
1y Target Est13.10
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  • GlobeNewswire

    Genco Shipping & Trading Limited Announces First Quarter 2021 Conference Call and Webcast

    NEW YORK, April 12, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company’s results for the first quarter of 2021 on Thursday, May 6, 2021 at 9:00 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the first quarter ended March 31, 2021 on Wednesday, May 5, 2021 after the close of market trading. What:First Quarter 2021 Conference Call When:Thursday, May 6, 2021 at 9:00 a.m. Eastern Time Where:There are two ways to access the call: Dial-in: 334-323-0501 or 800-700-1722; Passcode: 4187387. Please dial in at least 10 minutes prior to 9:00 a.m. Eastern Time to ensure a prompt start to the call. For live webcast and slide presentation: http://www.gencoshipping.com. If you are unable to participate at this time, a replay of the call will be available for two weeks at 888-203-1112 or 719-457-0820. Enter the code 4187387 to access the audio replay. The webcast will also be archived on the Company’s website: http://www.gencoshipping.com. About Genco Shipping & Trading LimitedGenco Shipping & Trading Limited transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. As of April 12, 2021, Genco Shipping & Trading Limited’s fleet consists of 17 Capesize, nine Ultramax and 14 Supramax vessels with an aggregate capacity of approximately 4,368,000 dwt and an average age of 10.3 years. CONTACT:Apostolos ZafoliasChief Financial OfficerGenco Shipping & Trading Limited(646) 443-8550

  • Is Genco Shipping & Trading Limited (NYSE:GNK) Popular Amongst Institutions?
    Simply Wall St.

    Is Genco Shipping & Trading Limited (NYSE:GNK) Popular Amongst Institutions?

    The big shareholder groups in Genco Shipping & Trading Limited ( NYSE:GNK ) have power over the company. Insiders often...

  • Big Ships Snag Unusual Cargoes as Dry-Bulk Market Tightens
    Bloomberg

    Big Ships Snag Unusual Cargoes as Dry-Bulk Market Tightens

    (Bloomberg) -- Shipments of timber and grain are being loaded onto a class of ship normally reserved for other cargo as strong demand to move commodities causes dislocations to the supply of vessels.Logs from Uruguay and grain from Brazil are set to be loaded giant Capesize ships this month or next, according to shipping data from S&P Global Platts. The vessels are normally used to transport coal and iron ore -- the industry’s two main cargoes. By contrast, timber typically gets moved on smaller vessels, according to Genco Shipping & Trading Ltd. Chief Executive John Wobensmith.“It just shows you how tight the overall dry-bulk market is, and it’s only going to get tighter,” Wobensmith said in an interview Thursday. Elevated freight rates are “not something that is for the next three months, this has got legs going well in to 2022 because of the low supply situation.”Capesize rates averaged about $18,000 a day so far this year, a jump of almost 40% from last year’s average, Wobensmith said. They are poised to rise further, helped by strong coal import volumes in India and Vietnam, and rising grain and iron ore exports from Brazil, he said.New York-listed Genco owns 41 vessels, according to its website. The firm’s shares have more than doubled in the past year.Capesizes are normally used for iron ore and coal, cargoes that will represent about 2.7 billion tons of seaborne trade this year -- by far the biggest source of demand for non-oil commodity freighters, data from Clarkson Research Services Ltd. show. In normal times, more niche cargoes like logs tend to get delivered on smaller vessels like Panamaxes, the largest to navigate the Panama Canal. But costs for those carriers have surged to the point where they’re more expensive than Capesizes. New orders for bulk ships make up 6.8% of the total fleet’s deadweight tonnage, near the lowest in data extending back to 2005, according to IHS Markit data on Bloomberg. There’s reluctance to buy new ships because of changing environmental regulations and uncertainty over what will emerge as the dominant clean fuel, said Wobensmith. Genco believes ammonia will be used by the industry in the future, he added.The supply of dry-bulk ships was already under pressure as Covid-19 restrictions on seafarers and port workers slowed cargo deliveries, according to Gerry Craggs, managing director at Stemcor S.E.A. Pte Ltd. Government stimulus to pump-up Covid-19 ravaged economies is also boosting demand for raw materials, he said.“We’re in the phase of fiscal stimuli virtually everywhere in the world,” Craggs said in an interview Friday. “It’s driving up demand for virtually everything, and we’re seeing that effect in the steel sector and in commodities sectors.”Dry bulk has started 2021 on a “high note,” Bloomberg Intelligence analyst Lee Klaskow said in a report last week. “China and an expected global economic recovery have set up one the strongest opening quarters for dry-bulk demand in a decade.”(Updates with context about Capesizes from 2nd paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.