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Last $0.73 USD
Change Today -0.02 / -2.67%
Volume 38.9K
PRGN On Other Exchanges
Symbol
Exchange
NASDAQ GM
Frankfurt
As of 8:10 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

paragon shipping inc-class a (PRGN) Snapshot

Open
$0.74
Previous Close
$0.75
Day High
$0.79
Day Low
$0.70
52 Week High
07/1/14 - $6.14
52 Week Low
05/7/15 - $0.67
Market Cap
18.0M
Average Volume 10 Days
87.8K
EPS TTM
$-1.55
Shares Outstanding
24.6M
EX-Date
05/26/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PARAGON SHIPPING INC-CLASS A (PRGN)

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paragon shipping inc-class a (PRGN) Details

Paragon Shipping Inc. provides shipping transportation services worldwide. It engages in the ocean transportation of drybulk cargoes, including commodities, such as iron ore, coal, grain, and other materials. As of December 31, 2014, the company's fleet consisted of eight Panamax drybulk carriers, two Ultramax drybulk carriers, two Supramax drybulk carriers, and four Handysize drybulk carriers with an aggregate capacity of 980,380 dwt. Paragon Shipping Inc. was founded in 2006 and is based in Voula, Greece.

6 Employees
Last Reported Date: 04/17/15
Founded in 2006

paragon shipping inc-class a (PRGN) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

paragon shipping inc-class a (PRGN) Key Developments

Paragon Shipping Appoints Lambros Theodorou as New Independent, Non-Executive Director

Paragon Shipping Inc. announced that it’s board of directors has appointed Lambros Theodorou to the board of directors as an independent, non-executive director, effective May 18, 2015. Theodorou will also be appointed to the company's audit, compensation and nominating and corporate governance committees, effective May 18, 2015.

Paragon Shipping Announces Receipt Of Notice Of Non-Compliance From NASDAQ

Paragon Shipping Inc. announced that it has received written notification from The Nasdaq Stock Market ("Nasdaq") dated May 14, 2015, indicating that because the closing bid price of the Company's common stock for the last 30 consecutive business days was below $1.00 per share, the Company no longer meets the minimum bid price requirement for the Nasdaq Global Market, set forth in Nasdaq Listing Rule 5450(a)(1). Pursuant to the Nasdaq Listing Rules, the applicable grace period to regain compliance is 180 days, or until November 10, 2015. The Company intends to monitor the closing bid price of its common stock between now and November 10, 2015 and is considering its options in order to regain compliance with the Nasdaq Global Market minimum bid price requirement. The Company can cure this deficiency if the closing bid price of its common stock is $1.00 per share or higher for at least ten consecutive business days during the grace period. In the event the Company does not regain compliance within the 180-day grace period and it meets all other listing standards and requirements, the Company may be eligible for an additional 180-day grace period if it transfers to the Nasdaq Capital Market. The Company intends to cure the deficiency within the prescribed grace period. During this time, the Company's common stock will continue to be listed and trade on the Nasdaq Global Market. The Company's business operations are not affected by the receipt of the notification.

Paragon Shipping Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Paragon Shipping Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net revenue of $15,466,000 compared to $15,571,000 a year ago. Operating loss was $4,797,000 compared to $1,394,000 a year ago. Net loss was $10,222,000 or $0.41 per basic and diluted share compared to $5,960,000 or $0.34 per basic and diluted share a year ago. LBITDA was $2,778,000 compared to EBITDA of $556,000 a year ago. Adjusted EBITDA was $387,000 compared to $4,698,000 a year ago. Adjusted net loss was $7,057,000 compared to $1,335,000 a year ago. Adjusted Loss per common share basic and diluted was $0.29 compared to $0.08 a year ago. For the year, the company reported net revenue of $54,764,000 compared to $56,257,000 a year ago. Operating loss was $33,831,000 compared to $2,955,000 a year ago. Net loss was $51,796,000 or $2.18 per basic and diluted share compared to $16,953,000 or $3.31 per basic and diluted share a year ago. LBITDA was $23,243,000 compared to EBITDA of $7,873,000 a year ago. Adjusted EBITDA was $2,277,000 compared to $19,657,000 a year ago. Adjusted net loss was $24,765,000 compared to $4,686,000 a year ago. Adjusted Loss per common share basic and diluted was $1.04 compared to $0.36 a year ago. For the year ended December 31, 2014, the company's net cash used in operating activities was $6.2 million, compared to net cash generated from operating activities of $4.6 million for the year ended December 31, 2013.

 

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Industry Analysis

PRGN

Industry Average

Valuation PRGN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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