Shares of Danaos Corporation (NYSE:DAC) traded at a new 52-week high today of $94.42. So far today approximately 144,000 shares have been exchanged, as compared to an average 30-day volume of 480,000 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 (NYSE:DAC) is currently priced 86.3% above its average consensus analyst price target of $12.90.
In the past 52 weeks, shares of Danaos Corporation have traded between a low of $26.01 and a high of $94.42 and is now at $93.97, which is 261% above that low price.
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