Genco Shipping & Trading Limited New (Marshall Islands) (NYSE:GNK) traded today at a new 52-week high of $24.42. This new high was reached on below average trading volume as 243,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.
Genco Shipping & Trading Limited New (Marshall Islands) (NYSE:GNK) is currently priced 2.1% above its average consensus analyst price target of $23.91.
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.
Over the past year, Genco Shipping & Trading Limited New (Marshall Islands) has traded in a range of $9.78 to $24.42 and is now at $24.41, 150% above that low.
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