Shares of Genco Shipping & Trading Limited New (Marshall Islands) (NYSE:GNK) traded today at $14.22, eclipsing its 52-week high. So far today approximately 361,000 shares have been exchanged, as compared to an average 30-day volume of 986,000 shares.
Over the past year, Genco Shipping & Trading Limited New (Marshall Islands) has traded in a range of $4.30 to $14.22 and is now at $14.07, 227% above that low.
Genco Shipping & Trading Limited New (Marshall Islands) (NYSE:GNK) is currently priced 12.2% above its average consensus analyst price target of $12.35.
Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain and other core commodities. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters.
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