Morning Technical Insight on These Shipping Stocks -- Rand Logistics, Diana Containerships, Capital Product Partners, and Globus Maritime
NEW YORK, Dec 12, 2017 /PRNewswire/ --
In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on RLOG, DCIX, CPLP, and GLBS which is a click away at www.wallstequities.com/registration. Research reports have been issued by WallStEquities.com on Rand Logistics Inc. (NASDAQ: RLOG), Diana Containerships Inc. (NASDAQ: DCIX), Capital Product Partners L.P. (NASDAQ: CPLP), and Globus Maritime Ltd (NASDAQ: GLBS). According to an article on The Edge Markets, Fitch Ratings said that its outlook for the global Shipping industry remains negative, adding that it does not expect a material improvement in market fundamentals in 2018 due to lingering overcapacity. In its free research reports, Wall St. Equities offers timely insights on these equities at: www.wallstequities.com/registration
Rand Logistics
Jersey City, New Jersey headquartered Rand Logistics Inc.'s shares saw a drop of 4.94%, finishing Monday's trading session at $0.23. A total volume of 1.43 million shares was traded. The stock is trading below its 50-day moving average by 44.57%. Moreover, shares of Rand Logistics, which operates as a bulk shipping company, have a Relative Strength Index (RSI) of 42.62.
On November 21st, 2017, Rand Logistics, together with its subsidiaries (collectively, the "Company"), announced that American Industrial Partners ("AIP") has agreed to acquire the Company. AIP is a New York-based private equity firm with over $4.0 billion of assets under management that focuses on buying, improving, and growing industrial businesses in the US and Canada. Today's daily Complimentary report on RLOG is accessible at: www.wallstequities.com/registration/?symbol=RLOG
Diana Containerships
On Monday, shares in Athens, Greece-based Diana Containerships Inc. recorded a trading volume of 461,677 shares, and ended the session 4.05% lower at $5.93. The stock is trading 1.34% below its 50-day moving average. Shares of the Company, which through its subsidiaries, operates in the seaborne transportation industry in Greece, have an RSI of 45.38.
On December 01st, 2017, Diana Containerships announced that, through a separate wholly owned subsidiary, the Company has entered into a time charter contract with Wan Hai Lines (Singapore) Pte Ltd. for one of its Post-Panamax container vessels - the m/v Hamburg. The gross charter rate is US$11,000 per day, minus a 3.75% commission paid to third parties, for a period of minimum 120 days to maximum 220 days. The charter commenced earlier that day. To experience our free membership services anytime/ anywhere and access the free report on DCIX, click to register at: www.wallstequities.com/registration/?symbol=DCIX
Capital Product Partners
Shares in Piraeus, Greece headquartered Capital Product Partners L.P. closed at $3.43, climbing 3.63% from the last trading session. The stock recorded a trading volume of 1.34 million shares, which was above its three months average volume of 500,490 shares. The Company's shares have gained 4.57% in the last one month and 7.86% since the start of this year. The stock is trading 2.33% above its 50-day moving average. Additionally, shares of the Company, which provides marine transportation services in Greece, have an RSI of 62.86.
On November 17th, 2017, Capital Product Partners announced that Gurpal Grewal has been appointed by Capital GP L.L.C., the general partner of the Partnership, as an Appointed Director of the Partnership, effective November 16th, 2017. Mr. Gurpal Grewal replaces Mr. Nikolaos Syntychakis, who resigned as an Appointed Director, effective that same day. Join our big investor community at Wall St. Equities today and start so with your free report on CPLP at: www.wallstequities.com/registration/?symbol=CPLP
Globus Maritime
Athens, Greece-based Globus Maritime Ltd's stock ended 10.88% lower at $1.31. A total volume of 2.41 million shares was traded, which was above their three months average volume of 1.22 million shares. The Company's shares have advanced 19.09% in the last one month and 37.88% over the previous three months. The stock is trading above its 50-day moving average by 24.35%. Furthermore, shares of Globus Maritime, which provides marine transportation services worldwide, have an RSI of 57.62.
On December 07th, 2017, Globus Maritime reported its unaudited consolidated operating and financial results for the quarter and nine-month period ended September 30th, 2017. For Q3 2017, total revenues were $3.98 million, and total comprehensive loss was $1.47 million. For the first nine months of 2017, total revenues were $10.31 million, and total comprehensive loss was $5.20 million. As of September 30th, 2017, cash and bank balances and bank deposits were $0.2 million. Know more about GLBS in our free research coverage at: www.wallstequities.com/registration/?symbol=GLBS
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