2023: Genco Shipping & Trading Showing Market Leadership with 82 RS Rating!

March 18, 2023

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Genco Shipping & Trading ($NYSE:GNK) has made significant strides in the market, with its Relative Strength Rating rising to 82 on Wednesday. This impressive achievement places the company above all of its competitors in the same category. The RS Rating is a technical indicator that measures the stock’s performance against all other stocks in its particular price range, and Genco Shipping & Trading has now shown itself to be a market leader. This is especially impressive considering that the company is trading in a volatile market where many stocks are struggling to keep up with the competition.

By achieving this technical milestone, Genco Shipping & Trading has shown itself as a leader in its category and demonstrates the potential for even more success in the future. With this accomplishment, the company has firmly established itself as a reliable option for investors looking for performance in a turbulent market.

Stock Price

GENCO SHIPPING & TRADING has shown its leadership in the market with a strong 82 RS Rating as of June 2023. On Wednesday, GENCO SHIPPING & TRADING stock opened at $16.3 and closed at $16.2, down by 4.0% from last closing price of 16.8. This signals that the company has been able to take its place in the market despite the current economic conditions. Investors have taken notice of the progress made by GENCO SHIPPING & TRADING and its strong RS rating, which has contributed to the stock’s overall performance.

The fact that the stock has been able to maintain stability and confidence in the market with this strong rating is a testament to the trust and respect investors have for the company. This is a major accomplishment for the company and will likely lead to further success in the future. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for GNK. More…

    Total Revenues Net Income Net Margin
    536.93 158.58 29.5%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for GNK. More…

    Operations Investing Financing
    189.32 -55.02 -190.74
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for GNK. More…

    Total Assets Total Liabilities Book Value Per Share
    1.17k 205.56 22.86
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for GNK are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    11.3% 54.1% 31.4%
    FCF Margin ROE ROA
    24.8% 10.9% 9.0%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we are committed to helping our users make informed decisions about their investments. We analyse the fundamentals of GENCO SHIPPING & TRADING to provide an accurate risk rating. Based on our assessment, this is a medium risk investment in terms of financial and business aspects. However, we do want to make sure our users are aware of potential risks in this investment. We have detected two risk warnings in the income sheet and balance sheet of GENCO SHIPPING & TRADING. To find out more, become a registered user on GoodWhale. With our in-depth analysis and insights, you can rest assured that your investments will be well-informed. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    In the shipping industry, there is intense competition among companies to secure business and achieve profitability. Genco Shipping & Trading Ltd is one company that competes against others, such as Golden Ocean Group Ltd, Diana Shipping Inc, and Seanergy Maritime Holdings Corp. All of these companies are striving to be the best in the industry, and each has its own strengths and weaknesses. The competition between them is fierce, and it is important for each company to carefully consider its strategies in order to be successful.

    – Golden Ocean Group Ltd ($NASDAQ:GOGL)

    Golden Ocean Group Ltd. engages in the ownership and operation of dry-bulk vessels. It operates through the following segments: Bulk Carriers and Tankers. The Bulk Carriers segment offers transportation services for iron ore, coal, grain, steel products, and other dry bulk cargoes. The Tankers segment engages in the transportation of crude oil and refined petroleum products. The company was founded on November 15, 1993 and is headquartered in Hamilton, Bermuda.

    – Diana Shipping Inc ($NYSE:DSX)

    Diana Shipping is a global provider of shipping transportation services through the ownership and operation of dry bulk vessels. The Company’s vessels are employed primarily on time charters with leading charterers. The Company’s operating fleet consists of 72 dry bulk carrier vessels, with a weighted average age of 12.5 years and an average cargo-carrying capacity of 528,000 DWT. The Company’s vessels are employed primarily on time charters with leading charterers including Cargill International S.A., Bunge S.A., Glencore Agriculture B.V., Louis Dreyfus Company, Phibro LLC and Vitol S.A.

    – Seanergy Maritime Holdings Corp ($NASDAQ:SHIP)

    Steergy Maritime Holdings Corp is a holding company that owns and operates a fleet of Capesize vessels. The company has a market cap of $87.37 million and a return on equity of 16.65%. The company’s fleet of vessels transport iron ore and coal around the world.


    Genco Shipping & Trading is an international dry bulk shipping company, providing transportation services to the global seaborne dry bulk cargo market. It has recently been showing market leadership, with an impressive 82 RS rating. This rating is a measure of a company’s current stock performance relative to its peers, and reflects a strong positive sentiment in the market. Despite this positive sentiment, however, the company’s stock price has dropped on the same day as the rating was announced.

    This could be due to investors taking profits, or to broader market conditions. Investors should closely monitor Genco’s stock performance, given its strong RS rating, as well as other factors such as global demand for its services, earnings reports and macroeconomic conditions.

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