Shares of Imperial Petroleum Inc. (NASDAQ:IMPP - Get Free Report) traded down 3.9% during trading on Monday . The stock traded as low as $2.98 and last traded at $2.98. 172,150 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 230,470 shares. The stock had previously closed at $3.10.
Imperial Petroleum Stock Performance
The company has a market cap of $93.45 million, a PE ratio of 2.55 and a beta of 1.13. The company's 50-day simple moving average is $2.94 and its 200 day simple moving average is $2.79.
Imperial Petroleum (NASDAQ:IMPP - Get Free Report) last issued its quarterly earnings results on Friday, May 23rd. The company reported $0.34 EPS for the quarter. Imperial Petroleum had a net margin of 32.37% and a return on equity of 17.55%. The company had revenue of $32.09 million during the quarter.
Institutional Investors Weigh In On Imperial Petroleum
Institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp purchased a new stake in shares of Imperial Petroleum during the 4th quarter worth $35,000. Walleye Capital LLC acquired a new stake in Imperial Petroleum during the 4th quarter worth $75,000. PEAK6 LLC acquired a new stake in Imperial Petroleum during the 4th quarter worth $104,000. Squarepoint Ops LLC acquired a new stake in Imperial Petroleum during the 4th quarter worth $147,000. Finally, Bank of America Corp DE raised its stake in Imperial Petroleum by 36.2% during the 4th quarter. Bank of America Corp DE now owns 55,785 shares of the company's stock worth $168,000 after acquiring an additional 14,822 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.
Imperial Petroleum Company Profile
(
Get Free Report)
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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