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Genco Shipping ( (GNK) ) has provided an announcement.
On May 20, 2025, Genco Shipping & Trading Limited held its Annual Meeting of Shareholders, where 66.44% of the eligible shares were represented. During the meeting, shareholders elected seven directors, approved an advisory resolution on executive compensation, and ratified Deloitte & Touche LLP as the independent certified public accountants for the fiscal year ending December 31, 2025.
The most recent analyst rating on (GNK) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Genco Shipping stock, see the GNK Stock Forecast page.
Spark’s Take on GNK Stock
According to Spark, TipRanks’ AI Analyst, GNK is a Outperform.
Genco Shipping is in a strong financial position, with solid profitability and balance sheet metrics. While technical analysis shows positive stock momentum, caution is advised due to potential overbought conditions. The attractive valuation and high dividend yield enhance its appeal, despite reported net losses and market volatility challenges. Overall, the stock is positioned well for investors seeking income and growth potential.
To see Spark’s full report on GNK stock, click here.
More about Genco Shipping
Genco Shipping & Trading Limited operates in the maritime industry, focusing on the transportation of dry bulk cargoes globally. The company primarily provides shipping services for commodities such as iron ore, coal, grain, and steel products.
Average Trading Volume: 770,154
Technical Sentiment Signal: Hold
Current Market Cap: $602.7M
For an in-depth examination of GNK stock, go to TipRanks’ Stock Analysis page.