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PARAGON SHIPPING INC (PRGN) [hlAlert]

Rating:
Buy PRGN
down 88.83 %

PARAGON SHIPPING INC (PRGN) upgraded to Buy with price target $10 by Global Hunter Securities

Posted on: Tuesday,  Dec 10, 2013  9:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Buy PARAGON SHIPPING INC (NASDAQ: PRGN) on 12/10/2013, when the stock price was $5.82.
Since then, PARAGON SHIPPING INC has lost 88.83% as of 08/27/2015's recent price of $0.65.
If you would have followed this Global Hunter Securities's recommendation on PRGN, you would have lost 88.83% of your investment in 625 days.

Paragon Shipping Inc. is a global provider of shipping transportation services. The Company specializes in transporting drybulk cargoes, including such commodities as iron ore, coal, grain and other materials. The Company's fleet consists of seven Panamax drybulk carriers, three Handymax drybulk carriers and two Supramax drybulk carrier with an aggregate capacity of approximately 765,137 deadweight tonnages (dwt) and a weighted average age of eight years as of December 31, 2008. During the year ended December 31, 2008, it took delivery of one vessel comprising its fleet of 12 vessels. The Company primarily employs its vessels on time charters for a medium to long-term period of time. It is focused to employ its vessels in the spot charter market, on voyage charters or short-term charters, which generally last from 10 days to three months.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/10/2013 9:25 AM Buy
None
5.82 10.00
as of 12/13/2013
1 Week up  9.45 %
1 Month up  9.45 %
3 Months up  9.45 %
1 YTD up  9.45 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/17/2013 10:25 AM Hold
None
3.89
5/22/2012 9:25 AM Hold
None
5.80 7.50

(*) Stock Price at the time of the recommendation.
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