Danaos Corporation (NYSE:DAC) traded at a new 52-week high today of $98.30. This new high was reached on below average trading volume as 267,000 shares traded hands, while the average 30-day volume is approximately 509,000 shares.
Danaos Corporation (NYSE:DAC) defies analysts with a current price ($95.00) 85.1% above its average consensus price target of $14.19.
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.
In the past 52 weeks, Danaos Corporation share prices are bracketed by a low of $31.31 and a high of $98.30 and is now at $95.00, 203% above that low price.
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