OceanPal (NASDAQ:OP) Issues Quarterly Earnings Results

OceanPal (NASDAQ:OP) issued its quarterly earnings results on Friday. The company reported ($0.08) EPS for the quarter, Zacks reports. OceanPal had a negative return on equity of 14.26% and a negative net margin of 58.08%.

OceanPal Price Performance

Shares of NASDAQ OP traded down $0.01 during midday trading on Friday, reaching $1.10. 892 shares of the company traded hands, compared to its average volume of 23,445. The company has a market cap of $8.19 million, a price-to-earnings ratio of -0.38 and a beta of 0.49. The stock has a 50-day moving average price of $1.51 and a 200 day moving average price of $1.67. OceanPal has a 52 week low of $1.04 and a 52 week high of $3.15.

OceanPal Company Profile

OceanPal Inc provides ocean-going transportation services worldwide. The company owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including bauxite, phosphate, and fertilizers. As of December 31, 2023, its fleet consisted of five dry bulk carriers, which include three Panamaxes and two Capesize vessels with a cargo carrying capacity of approximately 572,599 deadweight tons.