Shares of Imperial Petroleum Inc. (NASDAQ:IMPP - Get Free Report) rose 2.5% during trading on Thursday . The stock traded as high as $2.46 and last traded at $2.46. Approximately 51,523 shares changed hands during trading, a decline of 81% from the average daily volume of 267,378 shares. The stock had previously closed at $2.40.
Imperial Petroleum Stock Performance
The firm's 50 day moving average price is $2.48 and its two-hundred day moving average price is $2.98. The company has a market cap of $77.22 million, a P/E ratio of 1.81 and a beta of 1.08.
Imperial Petroleum (NASDAQ:IMPP - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $26.21 million for the quarter. Imperial Petroleum had a net margin of 34.01% and a return on equity of 17.50%.
Institutional Trading of Imperial Petroleum
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Deuterium Capital Management LLC raised its stake in shares of Imperial Petroleum by 43.6% in the fourth quarter. Deuterium Capital Management LLC now owns 1,393,770 shares of the company's stock worth $4,195,000 after purchasing an additional 423,183 shares during the last quarter. Towerview LLC grew its position in Imperial Petroleum by 51.6% in the 4th quarter. Towerview LLC now owns 360,000 shares of the company's stock worth $1,084,000 after purchasing an additional 122,510 shares in the last quarter. PEAK6 LLC purchased a new stake in Imperial Petroleum in the 4th quarter valued at about $104,000. Mackenzie Financial Corp bought a new position in shares of Imperial Petroleum during the 4th quarter worth approximately $35,000. Finally, Squarepoint Ops LLC bought a new position in shares of Imperial Petroleum in the fourth quarter valued at approximately $147,000. Institutional investors own 94.44% of the company's stock.
Imperial Petroleum Company Profile
(
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Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.
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