Danaos Corporation Common Stock (NYSE:DAC).
The stock of Danaos Corporation Common Stock (NYSE:DAC) exerienced a new 52 week low point reaching $2.70 as of end of day Wednesday. Shares closed up at $2.80. 30,588 shares were bought and sold and the stock hit a high of $2.80.
Company shares finished at $2.80 just a bit lower than the 50 day moving average of $3.31 and which is slightly below the 200 day moving average of $3.64. The 50 day moving average moved down $-0.51 whereas the 200 day moving average was down $-0.84 or -23.00%.
Danaos Corporation Common Stock’s P/E ratio is 2.24 and the market cap of the company is 307.44M. In the last earnings report the EPS was $1.25 and is expected to be $1.56 for the current year with 109,799,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.33 with next year’s EPS projected to be $1.35.
Wall Street investment firms have released ratings. Global Hunter starting coverage on the stock by announcing an initial rating of “Neutral”. July 29 investment analysts at Credit Suisse left the stock rating at “Neutral” and raised the price expectation from $5.00 to $6.00.