OceanPal (NASDAQ:OP) Issues Quarterly Earnings Results

OceanPal (NASDAQ:OP) released its quarterly earnings results on Friday. The company reported ($0.08) earnings per share for the quarter, Zacks reports. OceanPal had a negative net margin of 58.08% and a negative return on equity of 14.26%.

OceanPal Stock Performance

OP stock opened at $1.09 on Friday. The firm has a market cap of $8.12 million, a PE ratio of -0.38 and a beta of 0.49. The firm has a fifty day moving average price of $1.49 and a 200 day moving average price of $1.67. OceanPal has a fifty-two week low of $1.04 and a fifty-two week high of $3.15.

OceanPal Company Profile

OceanPal Inc provides ocean-going transportation services worldwide. The company owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including bauxite, phosphate, and fertilizers. As of December 31, 2023, its fleet consisted of five dry bulk carriers, which include three Panamaxes and two Capesize vessels with a cargo carrying capacity of approximately 572,599 deadweight tons.