Danaos Corporation (NYSE:DAC) traded today at a new 52-week high of $97.50. This new high was reached on below average trading volume as 119,000 shares traded hands, while the average 30-day volume is approximately 498,000 shares.
Danaos Corp is an an international owner of containerships. It provides international seaborne transportation services by operating vessels in the containership sector of the shipping industry. The company’s customer includes CMA-CGM, Hyundai Merchant Marine, MSC, Yang Ming, Hapag Lloyd, ZIM, Maersk, COSCO, OOCL, Evergreen, KMTC, SITC, Niledutch, Samudera and ONE; and for Gemini, MSC, CMA-CGM, Hapag Lloyd and TS Lines. Geographically, the company operates in Australia-Asia, Europe, and America, with maximum revenue from Australia-Asia region.
Danaos Corporation share prices have moved between a 52-week high of $97.50 and a 52-week low of $28.75 and are now trading 235% above that low price at $96.45 per share.
Danaos Corporation (NYSE:DAC) is currently priced 86.0% above its average consensus analyst price target of $13.55.
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