Shares of Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) traded at a new 52-week high today of $26.50. So far today approximately 133,000 shares have been exchanged, as compared to an average 30-day volume of 522,000 shares.
Over the past year, Grindrod Shipping Holdings Ltd. has traded in a range of $5.69 to $26.50 and is now at $25.74, 352% above that low.
Based on a current price of $25.74, Grindrod Shipping Holdings Ltd. is currently 6.0% above its average consensus analyst price target of $24.20.
Grindrod Shipping Holdings Ltd owns, charters in, and operates a fleet of dry bulk carriers and tankers. The company operates in two businesses namely drybulk carriers and the tanker business. The drybulk carrier’s business is further divided into handysize, and supramax whereas tanker business is further divided into medium range tankers and small tankers. It generates its revenue from Vessels.
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