Price Action Alert: Is Diana Containerships Inc a Buy? The Stock Rises Again

Price Action Alert: Is Diana Containerships Inc a Buy? The Stock Rises Again

The stock of Diana Containerships Inc (NASDAQ:DCIX) is a huge mover today! About 1.14 million shares traded hands. Diana Containerships Inc (NASDAQ:DCIX) has declined 51.36% since April 28, 2016 and is downtrending. It has underperformed by 57.28% the S&P500.
The move comes after 6 months positive chart setup for the $33.41M company. It was reported on Dec, 1 by Barchart.com. We have $3.83 PT which if reached, will make NASDAQ:DCIX worth $2.67 million more.

Analysts await Diana Containerships Inc (NASDAQ:DCIX) to report earnings on March, 7. They expect $-0.78 EPS, down 225.00% or $0.54 from last year’s $-0.24 per share. After $-0.86 actual EPS reported by Diana Containerships Inc for the previous quarter, Wall Street now forecasts -9.30% EPS growth.

Diana Containerships Inc (NASDAQ:DCIX) Ratings Coverage

Out of 2 analysts covering Diana Containerships (NASDAQ:DCIX), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Diana Containerships has been the topic of 2 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Zacks downgraded Diana Containerships Inc (NASDAQ:DCIX) on Thursday, September 17 to “Hold” rating. On Friday, November 20 the stock rating was downgraded by Wells Fargo to “Underperform”.

According to Zacks Investment Research, “Diana Containerships Inc. is primarily focused on the worldwide transportation of container cargoes and owns and operates two 3,426 TEU containerships. It plans to engage in the seaborne transportation of finished consumer and industrial products.”

More recent Diana Containerships Inc (NASDAQ:DCIX) news were published by: Globenewswire.com which released: “Diana Containerships Inc. Reports Financial Results for the Third Quarter and …” on November 17, 2016. Also Globenewswire.com published the news titled: “Diana Containerships Inc. Announces Amendment to Loan Agreements” on September 14, 2016. Seekingalpha.com‘s news article titled: “Diana Containerships: The Floating Dead” with publication date: November 18, 2016 was also an interesting one.

DCIX Company Profile

Diana Containerships Inc., incorporated on January 7, 2010, is engaged in the business of ownership of containerships. The Firm is engaged in the seaborne transportation industry through the ownership of containerships and operates its fleet through Unitized Ocean Transport Limited (UOT), a subsidiary of the Company. UOT provides the Company and its vessels with management and administrative services.

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