Diana Shipping’s first profitable quarter since the end of 2012 is likely to be followed by the end of a five-year losing streak, analysts believe.
“Diana should remain in the black from here,” said Ben Nolan of Stifel in a post results report, while Jon Chappell of Evercore hinted an upgrade of the shipowner’s stock was on the cards.
As TradeWinds reported yesterday Diana Shipping reported a profit of $2m for the three months to the end on June, which chief executive Simeon Palios called a "dramatic turnaround" from a loss of $23.8m...
