Performance Shipping Inc , through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide.
Performance Shipping is a micro cap stock with a total market cap of 9.23M.
They trade on the NASDAQ and had their IPO 12 years and 5 months
Performance Shipping currently employs 152 people.
News Relating to $PSHG
GlobeNewsWire
Performance Shipping Inc. Announces Date for Its 2023 Annual General Meeting of Shareholders
Friday Jan 13 2023 at 16:10
ATHENS, Greece, Jan. 13, 2023 (GLOBE NEWSWIRE) — Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced that its Board of Directors (the “Board”) has scheduled the Company’s 2023 annual general meeting of shareholders (the “2023 AGM”) for February 22, 2023. The Board has set a record date for the 2023 AGM of January 12, 2023.
Seeking Alpha
Performance Shipping: Worth A Trade Going Into Q3 Results As Dividends Come Into Play
Friday Oct 28 2022 at 08:46
While my negative perception of the company hasn’t changed, the common shares might present a decent trading opportunity ahead of anticipated, very strong Q3 results next month. Considering the company’s stated dividend policy, a sizeable dividend announcement might be in the cards.
PennyStocks
Penny Stocks To Buy Now? 4 To Watch After LTRPB Stock Jumped Over 372%
Monday Aug 01 2022 at 13:27
Hot low float penny stocks to watch. The post Penny Stocks To Buy Now?
Seeking Alpha
Looking For The Next Oil Stock To Run? 10 Companies To Add To Your Watchlist
Monday Mar 07 2022 at 01:51
The most recent oil price rally has started to attract momentum traders with a large number of oil-related stocks showing outsized gains on massive volume. Introducing ten companies that have already been subject to violent moves in the past.
Zacks Investment Research
Performance Shipping Inc. (PSHG) Reports Q4 Loss, Tops Revenue Estimates
Friday Feb 25 2022 at 19:13
Performance Shipping Inc. (PSHG) delivered earnings and revenue surprises of -5.13% and 7.75%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
GlobeNewsWire
Performance Shipping Inc. Announces Date for its 2022 Annual General Meeting of Shareholders and Proposed Changes to Board of Directors
Friday Jan 21 2022 at 17:00
ATHENS, Greece, Jan. 21, 2022 (GLOBE NEWSWIRE) — Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced today that its Board of Directors (the “Board”) has scheduled the Company’s 2022 annual general meeting of shareholders (the “2022 AGM”) for February 28, 2022. The Board has set a record date for the 2022 AGM of January 25, 2022.
FreightWaves
Shipping on Wall Street: Is it better to be a pure play or jack of all trades?
Sunday Dec 12 2021 at 19:55
Should a public shipping company be a pure play — owning just tankers, containers, bulkers or gas carriers — or should it do as the traditional private family shipowners do, and own a mixed fleet? The answer is important: It affects how attractive a shipping stock is to investors, and in the case of extreme rate troughs, it affects the chances a public company can avoid restructuring or insolvency.
Zacks Investment Research
Analysts Estimate Performance Shipping Inc. (PSHG) to Report a Decline in Earnings: What to Look Out for
Monday Nov 08 2021 at 16:06
Performance Shipping Inc. (PSHG) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
GlobeNewsWire
Performance Shipping Inc. Reports Financial Results for the Second Quarter and Six-Months Ended June 30, 2021
Friday Jul 30 2021 at 08:40
ATHENS, Greece, July 30, 2021 (GLOBE NEWSWIRE) — Performance Shipping Inc. (NASDAQ: PSHG) (the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported a net loss and net loss from continuing and discontinued operations attributable to common stockholders of $2.6 million for the second quarter of 2021, compared to net income and net income from continuing and discontinued operations attributable to common stockholders of $4.6 million for the same period in 2020. Loss per share, basic and diluted, for the second quarter of 2021 was $0.53, while earnings per share, basic and diluted, for the second quarter of 2020 was $0.94.
GlobeNewsWire
Performance Shipping Inc. to Participate in Future of Shipping Virtual Conference Presented by Maxim Group LLC and Hosted by M-Vest on June 29, 2021
Monday Jun 28 2021 at 07:22
ATHENS, Greece, June 28, 2021 (GLOBE NEWSWIRE) — Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced today that the Company’s Chief Financial Officer, Anthony Argyropoulos, has been invited to present at the Future of Shipping Virtual Conference , presented by Maxim Group LLC and hosted by M-Vest, on Tuesday, June 29, 2021.
Insider Trading
(Original Source: SEC.GOV)
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
Over the last 3 months, there has been no insider trading.
Debt & Income Analysis
(Original Source: SEC.GOV)
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
$PSHG’s Income Quality of 0.93 is in line with its Industry Group of 0.96 (-3.1% lower)
$PSHG’s Income Quality of 0.93 is in line with its Major Industry Group of 0.99 (-6.1% lower)
$PSHG’s Income Quality of 0.93 is lower than its Sector of 1.29 (-27.9% lower)
(Original Source: SEC.GOV)
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
$PSHG’s Current Ratio of 2.8 is greater than its Industry Group of 1.63 (71.8% greater)
$PSHG’s Current Ratio of 2.8 is greater than its Major Industry Group of 1.73 (61.8% greater)
$PSHG’s Current Ratio of 2.8 is greater than its Sector of 1.2 (133.3% greater)
Value Analysis
(Original Source: SEC.GOV)
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
$PSHG’s PE Ratio of 0.25 is lower than its Industry Group of 2.56 (-90.2% lower)
$PSHG’s PE Ratio of 0.25 is lower than its Major Industry Group of 2.78 (-91.0% lower)
$PSHG’s PE Ratio of 0.25 is lower than its Sector of 5.55 (-95.5% lower)
(Original Source: SEC.GOV)
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
$PSHG’s PB Ratio of 0.08 is lower than its Industry Group of 0.37 (-78.4% lower)
$PSHG’s PB Ratio of 0.08 is lower than its Major Industry Group of 0.47 (-83.0% lower)
$PSHG’s PB Ratio of 0.08 is lower than its Sector of 1.34 (-94.0% lower)
Efficiency Analysis
(Original Source: SEC.GOV)
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
$PSHG’s ROE of 0.31 is greater than its Industry Group of 0.23 (34.8% greater)
$PSHG’s ROE of 0.31 is greater than its Major Industry Group of 0.17 (82.4% greater)
$PSHG’s ROE of 0.31 is greater than its Sector of 0.1 (210.0% greater)
(Original Source: SEC.GOV)
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
$PSHG’s ROCE of 0.17 is greater than its Industry Group of 0.13 (30.8% greater)
$PSHG’s ROCE of 0.17 is greater than its Major Industry Group of 0.1 (70.0% greater)
$PSHG’s ROCE of 0.17 is greater than its Sector of 0.06 (183.3% greater)