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Performance Shipping ( (PSHG) ) has shared an update.
On June 24, 2025, Performance Shipping Inc. announced the acceptance of a commitment letter from Alpha Bank A.E. to refinance its existing loan of $29,750,000. The refinancing, subject to customary conditions and final agreement, will be executed through two subsidiaries and will reduce financing costs by 23%, with no significant debt maturities until mid-2030. This move underscores the company’s strong financial position and its solid relationships with lenders, potentially enhancing its industry positioning and offering reassurance to stakeholders.
The most recent analyst rating on (PSHG) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Performance Shipping stock, see the PSHG Stock Forecast page.
Spark’s Take on PSHG Stock
According to Spark, TipRanks’ AI Analyst, PSHG is a Outperform.
Performance Shipping has a strong financial foundation with excellent profitability and balance sheet metrics. Despite declining revenue and missing cash flow data, the stock benefits from a positive technical outlook and an attractive valuation with a low P/E ratio, suggesting room for appreciation. However, the lack of additional insights from earnings calls and corporate events limits a comprehensive assessment.
To see Spark’s full report on PSHG stock, click here.
More about Performance Shipping
Performance Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership of tanker vessels. The company operates its fleet on spot voyages, through pool arrangements, and on time charters.
Average Trading Volume: 94,457
Technical Sentiment Signal: Sell
Current Market Cap: $22.5M
Find detailed analytics on PSHG stock on TipRanks’ Stock Analysis page.