DSX
Diana Shipping Industrials Investor Relations →
Diana Shipping (DSX) closed at $2.31 as of 2026-03-20, trading 11.2% below its 200-week moving average of $2.60. This places DSX in the extreme value zone. The stock moved further from the line this week, up from -13.4% last week. The 14-week RSI sits at 70, indicating neutral momentum.
Trading volume is running at 1.2x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.81 ratio) is neutral — neither side is clearly dominating.
Over the past 1047 weeks of data, DSX has crossed below its 200-week moving average 16 times. On average, these episodes lasted 43 weeks. The average one-year return after crossing below was -5.0%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $267 million, DSX is a small-cap stock. Return on equity stands at 3.5%. The stock trades at 0.5x book value.
Share count has increased 12.8% over three years, indicating dilution.
Over the past 20.2 years, a hypothetical investment of $100 in DSX would have grown to $52, compared to $735 for the S&P 500. DSX has returned -3.2% annualized vs 10.4% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: DSX vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After DSX Crosses Below the Line?
Across 16 historical episodes, buying DSX when it crossed below its 200-week moving average produced an average return of -10.8% after 12 months (median -22.0%), compared to +14.9% for the S&P 500 over the same periods. 19% of those episodes were profitable after one year. After 24 months, the average return was -0.6% vs +33.3% for the index.
Each line shows $100 invested at the moment DSX crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
DSX has crossed below its 200-week MA 16 times with an average 1-year return of +-5.0% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Feb 2006 | Aug 2006 | 25 | 19.3% | +78.2% | -47.9% |
| Oct 2008 | Feb 2009 | 17 | 53.0% | +13.2% | -66.9% |
| Feb 2009 | Apr 2009 | 9 | 22.3% | +15.4% | -67.5% |
| May 2009 | May 2009 | 1 | 1.6% | -7.8% | -73.0% |
| Jun 2009 | Nov 2009 | 21 | 24.0% | -12.4% | -71.5% |
| Nov 2009 | Jul 2013 | 190 | 52.1% | -20.4% | -74.4% |
| Jul 2013 | Aug 2013 | 1 | 4.0% | -3.5% | -60.5% |
| Jul 2014 | Aug 2014 | 2 | 3.3% | -21.5% | -59.0% |
| Sep 2014 | Jun 2018 | 195 | 73.7% | -25.2% | -56.9% |
| Jul 2018 | Jul 2019 | 52 | 39.2% | -20.7% | -15.0% |
| Jul 2019 | Oct 2019 | 11 | 15.2% | -57.4% | +20.9% |
| Nov 2019 | Mar 2021 | 68 | 63.0% | -49.0% | +16.3% |
| Mar 2021 | Apr 2021 | 3 | 2.1% | +106.7% | +28.4% |
| Feb 2024 | Feb 2024 | 1 | 1.6% | -30.6% | -10.3% |
| Mar 2024 | Apr 2024 | 4 | 1.0% | -39.7% | -13.1% |
| May 2024 | Ongoing | 95+ | 54.4% | Ongoing | -16.0% |
| Average | 43 | — | +-5.0% | — |
Frequently Asked Questions
Is DSX below its 200-week moving average?
Yes. As of 2026-03-20, Diana Shipping (DSX) is trading 11.2% below its 200-week moving average of $2.60. The current price is $2.31.
What is DSX's 200-week moving average price?
Diana Shipping's 200-week moving average is $2.60 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when DSX drops below its 200-week moving average?
DSX has crossed below its 200-week moving average 16 times in our data. The average one-year return after these crossings was -5.0%, meaning the dips were not reliable buying signals for this particular stock. These episodes lasted 43 weeks on average.
Is DSX a good value right now?
Here's what our data says about DSX as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 70. Return on equity is 3.5%. Price-to-book is 0.5x. This is not a buy or sell recommendation — always do your own research.
How does DSX compare to the S&P 500?
Over the past 20.2 years, $100 invested in DSX would have grown to $52, compared to $735 for the S&P 500. That's -3.2% annualized vs 10.4% for the index. DSX has underperformed the broader market over this period.
Does DSX pay a dividend?
Yes. Diana Shipping currently pays a dividend yield of 173.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20