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down 91.67 %

PARAGON SHIPPING INC (PRGN) rated Buy with price target $6 by Maxim Group

Posted on: Wednesday,  Oct 8, 2014  8:25 AM ET by Maxim Group

Maxim Group rated Buy PARAGON SHIPPING INC (NASDAQ: PRGN) on 10/08/2014. Previously Maxim Group rated Buy PARAGON SHIPPING INC (NASDAQ: PRGN) on
03/05/2014., when the stock price was $7.81. Since then, PARAGON SHIPPING INC has lost 91.68% as of 08/27/2015's recent price of $0.65.
If you would have followed the previous Maxim Group's recommendation on PRGN, you would have lost 91.67% of your investment in 540 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.

At Maxim Group, our vision for equity research is to be a client’s first call for value-added research on companies not widely followed by Wall Street. Maxim’s premier niche is emerging-growth companies in a variety of sectors, including healthcare, technology, retail and others. As strong believers in fundamental research, our analysts utilize a “bottom up” approach to making investment recommendations. We combine rigorous financial analysis of specific companies and industries with due diligence that includes frequent consults with suppliers, customers, competitors and senior management. By applying these skills and techniques, we are able to offer our clients differentiated research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/8/2014 8:25 AM Buy
3.21 6.00
as of 10/17/2014
1 Week down  -0.97 %
1 Month down  -42.56 %
3 Months down  -40.54 %
1 YTD down  -4.98 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/6/2014 9:25 AM Buy
7.98 11.00
3/5/2014 8:25 AM Buy
7.81 10.00

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