RTTNews | May 3, 2021 10:32AM EDT

10:32 Monday, May 3, 2021 (RTTNews.com) - Shares of shipping company Danaos Corporation (DAC) are up more than 5% Monday morning and touched a new high of $58.58.

There have been no company-specific news today to move the stock up.

Danaos today said it is planning to report first-quarter results on Monday, May 10.

Analysts polled by Thomson Reuters expect the company to report earnings of $2.9 per share on revenue of $135.04 million in the first quarter.

DAC is currently trading at $57.31.

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