Cool Company Ltd. (NYSE:CLCO - Get Free Report) shares fell 0.4% during trading on Wednesday . The company traded as low as $6.81 and last traded at $6.97. 25,923 shares were traded during mid-day trading, a decline of 88% from the average session volume of 222,378 shares. The stock had previously closed at $7.00.
Cool Price Performance
The stock has a market capitalization of $378.61 million, a P/E ratio of 10.37 and a beta of 0.59. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.94 and a current ratio of 0.97. The stock has a 50-day simple moving average of $6.62 and a 200 day simple moving average of $6.69.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. ABC Arbitrage SA acquired a new position in shares of Cool in the 1st quarter valued at $82,000. XTX Topco Ltd acquired a new position in shares of Cool in the 4th quarter valued at $94,000. Barclays PLC lifted its stake in shares of Cool by 3.9% in the 4th quarter. Barclays PLC now owns 50,708 shares of the company's stock valued at $403,000 after purchasing an additional 1,917 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Cool in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 20.66% of the company's stock.
About Cool
(
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Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties.
See Also
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