Shares of Genco Shipping & Trading Limited New (Marshall Islands) (NYSE:GNK) traded at a new 52-week high today of $23.50. Approximately 962,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.
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.
Genco Shipping & Trading Limited New (Marshall Islands) (NYSE:GNK) is currently priced 8.7% above its average consensus analyst price target of $21.35.
In the past 52 weeks, Genco Shipping & Trading Limited New (Marshall Islands) share prices are bracketed by a low of $9.78 and a high of $23.50 and is now at $23.39, 139% above that low price.
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