Stocks of Overseas Shipholding Group, Inc. (NYSE:OSG) traded higher last session on Wall Street, up 0.36% to $8.45.
OSG stock price is now 34.28% away from the 50-day moving average and 58.57% away from the 200-day moving average. The market capitalization of the company currently stands at $608.65M.
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In other news, Norton Samuel H, President and CEO sold 50,000 shares of the company’s stock on May 15 ’24. The stock was sold for $336,975 at an average price of $6.74. Upon completion of the transaction, the President and CEO now directly owns 2,457,479 shares in the company, valued at $20.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 16 ’24, President and CEO Norton Samuel H sold 29,663 shares of the business’s stock. A total of $175,712 was realized by selling the stock at an average price of $5.92. This leaves the insider owning 2,507,479 shares of the company worth $21.19 million. A total of 29.26% of the company’s stock is owned by insiders.
During the past 12 months, Overseas Shipholding Group, Inc. has had a low of $3.59 and a high of $8.46. As of last week, the company has a debt-to-equity ratio of 1.62, a current ratio of 0.67, and a quick ratio of 0.67. The fifty day moving average price for OSG is $6.3374 and a two-hundred day moving average price translates $5.35115 for the stock.
The latest earnings results from Overseas Shipholding Group, Inc. (NYSE: OSG) was released for 2024-03-31. The net profit margin was 14.26% and return on equity was 18.24% for OSG. The company reported revenue of $117.5 million for the quarter, compared to $113.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.26 percent.
