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Arctic Securities upgrades Diana Shipping (NYSE: DSX) to ‘Buy’ post Q1 2023 release

Wed 31 May 23, 07:00 AM | Akanksha Vashisht

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Diana Shipping released its financial results for the three months ended March 31, 2023, reporting a net income of US$ 22.7 million in the quarter. The announcement resulted in Artic Securities upgrading its rating to ‘Buy’ on DSX.

Diana Shipping is a transportation services provider that operates a fleet of vessels. The company transports goods such as coal, iron ore and grains. In addition to this, the company also has dry bulk carrier vessels that transport minor bulks, steel products, cement, and fertilizers.

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