GRIN gaining 16% today. Let's take a look:

Shares of Grindrod Shipping Holdings Ltd (GRIN) are trading 16% higher at a price of $23.79 at the time of this writing. So far the Industrials sector has been having a mildly gloomy day, and the share price of the company is surpassing it's peers.

The stock continues to gain momentum after a strong earnings report. The company recently reported strong earnings with $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20.

Grindrod Shipping Holdings Ltd has been trading between a 52-week high of $28.42 and a 52-week low of $11.62. The stock has a market cap of $452 Million.

Grindrod Shipping owns and operates a diversified fleet of owned and long-term and short-term chartered-in drybulk vessels and product tankers. The drybulk business, which operates under the brand 'Island View Shipping' ('IVS') includes a fleet of 15 handysize drybulk carriers and 16 supramax/ultramax drybulk carriers. The tanker business, which operates under the brand 'Unicorn Shipping' ('Unicorn') includes a fleet of three medium range tankers and one small tanker.