Diana Containerships Inc(NASDAQ:DCIX) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $5.446M. Analysts estimated a revenue of $7.500M. The revenues were -27.39% below the estimates. Earnings per share were $-0.67. The reported EPS was above estimates by 12.99%. Analysts had estimated an EPS of $-0.77.
Diana Containerships Inc (DCIX) shares turned negative on Wednesdays trading session with the shares closing down -0.01 points or -0.37% at a volume of 2,17,724. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.75. The peak price level was also seen at $2.75 while the days lowest was $2.62. Finally the shares closed at $2.66. The 52-week high of the shares is $26.17 while the 52-week low is $2. According to the latest information available, the market cap of the company is $25 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.