Diana Containerships Inc (DCIX) is Downgraded by BB&T Capital Mkts to Hold

Diana Containerships Inc (DCIX) was Downgraded by BB&T Capital Mkts to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. BB&T Capital Mkts advised their investors in a research report released on Jul 27, 2016.

On the company’s financial health, Diana Containerships Inc reported $-0.88 EPS for the quarter, missing the analyst consensus estimate by $ -0.26 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.62. The company had revenue of $7.99 million for the quarter, compared to analysts expectations of $10.76 million. The company’s revenue was down -53.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

Diana Containerships Inc opened for trading at $3.45 and hit $3.75 on the upside on Thursday, eventually ending the session at $3.66, with a gain of 3.20% or 0.1136 points. The heightened volatility saw the trading volume jump to 10,340 shares. Company has a market cap of $34 M.

Diana Containerships Inc. is a global provider of shipping transportation services through its ownership of containerships. The Company’s vessels are employed primarily on time charters with liner companies that are carrying containerized cargo along shipping routes. Each of the Company’s vessels is owned by its separate wholly owned subsidiaries. The commercial and technical management of its fleet as well as providing administrative services relating to the fleet’s operations are carried out by its wholly owned subsidiary Unitized Ocean Transport Limited (UOT). The Company’s fleet consists of approximately seven panamax and four post-panamax containerships with a combined carrying capacity of 52359 twenty-foot equivalent units and a weighted average age of 11.2 years. The Company’s vessels include Sagitta Centaurus Santa Pamina Cap Domingo Puelo Pucon and Cap Doukato among others.

Diana Containerships Inc

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