Genco Shipping & Trading (NYSE:GNK) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Posted by Stanley Muller on Jul 15th, 2026

Genco Shipping & Trading Limited (NYSE:GNK – Get Free Report)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $24.38 and traded as high as $25.96. Genco Shipping & Trading shares last traded at $25.3670, with a volume of 336,980 shares changing hands.

Wall Street Analyst Weigh In

GNK has been the subject of several research reports. Weiss Ratings upgraded shares of Genco Shipping & Trading from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Zacks Research lowered Genco Shipping & Trading from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Alliance Global Partners reissued a “neutral” rating on shares of Genco Shipping & Trading in a report on Wednesday, June 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $29.00 price target on shares of Genco Shipping & Trading in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.67.

Read Our Latest Stock Report on Genco Shipping & Trading

Genco Shipping & Trading Stock Down 1.1%

The stock’s fifty day simple moving average is $24.38 and its 200-day simple moving average is $22.72. The stock has a market cap of $1.10 billion, a P/E ratio of 66.24, a P/E/G ratio of 3.66 and a beta of 0.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.41 and a current ratio of 2.98.

Genco Shipping & Trading (NYSE:GNK – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The shipping company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.19. Genco Shipping & Trading had a return on equity of 2.49% and a net margin of 4.38%.The business had revenue of $114.43 million during the quarter, compared to analysts’ expectations of $65.73 million. During the same period in the previous year, the company posted ($0.28) earnings per share. The firm’s revenue for the quarter was up 60.6% compared to the same quarter last year. As a group, research analysts forecast that Genco Shipping & Trading Limited will post 1.81 earnings per share for the current fiscal year.

Genco Shipping & Trading Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, May 18th. Genco Shipping & Trading’s dividend payout ratio is 368.42%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GNK. Blue Trust Inc. raised its position in shares of Genco Shipping & Trading by 230.1% in the 1st quarter. Blue Trust Inc. now owns 1,347 shares of the shipping company’s stock valued at $30,000 after buying an additional 939 shares in the last quarter. Strengthening Families & Communities LLC bought a new position in Genco Shipping & Trading in the fourth quarter valued at approximately $31,000. Advisory Services Network LLC bought a new position in Genco Shipping & Trading in the third quarter valued at approximately $30,000. Kemnay Advisory Services Inc. acquired a new position in Genco Shipping & Trading during the fourth quarter valued at approximately $32,000. Finally, Sunbelt Securities Inc. acquired a new position in Genco Shipping & Trading during the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 58.62% of the company’s stock.

Genco Shipping & Trading Company Profile

(Get Free Report)

Genco Shipping & Trading Limited is a leading global owner and operator of drybulk vessels, providing seaborne transportation services for major commodities such as iron ore, coal, grain and fertilizers. The company’s fleet comprises Capesize, Panamax and Supramax vessels, which are chartered to a broad base of international charterers under both spot and period contracts. Genco’s focus on modern, fuel-efficient tonnage supports reliable cargo delivery across a variety of trade routes and market conditions.

In addition to vessel ownership and operation, Genco offers ship management, maintenance and technical support services designed to maximize fleet performance and safety.