.jpg "Genco Shipping (Other OTC: GNK)")
Noble Financial analyst Poe Fratt maintained a Buy rating on Genco Shipping (Other OTC: GNK) on May 9. The company’s shares closed on Friday at $18.02, close to its 52-week high of $18.98.
According to TipRanks.com, Fratt is ranked #1098 out of 4801 analysts.
Genco Shipping has an analyst consensus of Moderate Buy, with a price target consensus of $18.50.
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Based on Genco Shipping’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $55.81 million. In comparison, last year the company had a GAAP net loss of $15.6 million.
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Genco Shipping & Trading Ltd. is an international ship owning company. It engages in transporting iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes through the ownership and operation of drybulk carrier vessels.
