Performance Shipping (NASDAQ:PSHG) Trading Up 1.1% – Still a Buy?

Performance Shipping Inc. (NASDAQ:PSHGGet Free Report)’s share price traded up 1.1% on Monday . The stock traded as high as $1.85 and last traded at $1.82. 100,709 shares traded hands during trading, an increase of 35% from the average session volume of 74,371 shares. The stock had previously closed at $1.80.

Performance Shipping Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 5.61 and a quick ratio of 5.56. The firm has a 50-day simple moving average of $1.93 and a 200 day simple moving average of $2.03. The firm has a market cap of $22.62 million, a PE ratio of 1.21 and a beta of -0.35.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Performance Shipping stock. Privium Fund Management UK Ltd acquired a new stake in shares of Performance Shipping Inc. (NASDAQ:PSHGFree Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 30,395 shares of the company’s stock, valued at approximately $64,000. Privium Fund Management UK Ltd owned about 0.24% of Performance Shipping at the end of the most recent reporting period. Institutional investors and hedge funds own 19.90% of the company’s stock.

Performance Shipping Company Profile

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