Grindrod Shipping Holdings Ltd. (GRIN): Industrials sector is gaining shares

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Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) changes shares on Tuesday trading session, with a change of 4.29% or $0.11 shares. The trading starts at $2.66 and closed at $2.67 throughout the day. The trading session low price was $2.62 and day high was $2.99 on Tuesday, June 23. After the session, the Industrials sector daily volume shifted to 0.19 million while its average volume is 100.63K. In other hand, the GRIN market cap reached to $55.10M. While, its current target price is $2.78 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -5.76% and up 20.35% for month. Its quarterly performance was -3.47% below, while its half year performance is down -58.20%. GRIN yearly performance stood at negative -43.27% and fall -57.16% for year-to-date. Current recommendation for Grindrod Shipping Holdings Ltd. is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. GRIN EPS (TTM) for 12-month is -2.29. EPS for this year is -111.10%, while for the next year its value is -0.09. Its EPS Q/Q reached -254.40%.

Let’s take a look on the analyst recommendations on GRIN for the current month and previous month. For the current month, 2 of 2 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $3.00-$8.00. Average target price for GRIN was reached at $5.50.

QVT Financial LP, Mitsubishi UFJ Trust & Banking Corp and Mraz, Amerine & Associates, Inc. are the top three holders in Grindrod Shipping Holdings Ltd. (GRIN) stock. On Mar 30, 2020, QVT Financial LP has 1.3 million shares which valued 3.74 million. On Mar 30, 2020, Mitsubishi UFJ Trust & Banking Corp owned 0.11 million shares which valued at 0.3 million. On Mar 30, 2020, Mraz, Amerine & Associates, Inc. has a total of 24445.0 shares which valued at 70157.0. In the end, Mraz, Amerine & Associates, Inc. have 0.13% shares outstanding of Grindrod Shipping Holdings Ltd. (GRIN) on Mar 30, 2020. The insider ownership moved to 22.70% and institutional holding shifted to 27.00%.

The company posted an EPS (TTM) of -2.29. According to the most recent quarter report on (Mar 2020), 1 analysts estimated an average EPS of -0.74. Analyst Estimated EPS for GRIN published in the report was -0.74–0.74 during the same period.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for GRIN fall -41.65% for period of 200 days. SMA for 50 days was 10.61% which is showing green signal, while SMA-20 was 3.37%. The moving average value for Grindrod Shipping Holdings Ltd. (GRIN) is 4.1208 and 2.5459 for 200 and 50 days respectively.