TORM plc (NASDAQ:TRMD - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $34.34, but opened at $33.08. TORM shares last traded at $33.29, with a volume of 382,892 shares.
TORM Stock Performance
The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 4.40 and a beta of 0.15. The stock has a fifty day moving average price of $34.21 and a two-hundred day moving average price of $31.99. The company has a quick ratio of 2.37, a current ratio of 2.60 and a debt-to-equity ratio of 0.53.
TORM (NASDAQ:TRMD - Get Free Report) last released its earnings results on Thursday, March 7th. The company reported $1.56 EPS for the quarter. The firm had revenue of $387.78 million during the quarter. TORM had a return on equity of 36.99% and a net margin of 42.64%.
TORM Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Tuesday, April 16th will be paid a $1.36 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $5.44 annualized dividend and a yield of 16.59%. TORM's payout ratio is currently 57.10%.
Hedge Funds Weigh In On TORM
Institutional investors have recently added to or reduced their stakes in the business. Creekmur Asset Management LLC acquired a new position in TORM in the fourth quarter valued at $27,000. PSI Advisors LLC purchased a new stake in TORM during the fourth quarter valued at about $30,000. Scarborough Advisors LLC purchased a new stake in TORM during the fourth quarter valued at about $37,000. Optimum Investment Advisors grew its position in TORM by 200.0% during the fourth quarter. Optimum Investment Advisors now owns 1,500 shares of the company's stock valued at $46,000 after acquiring an additional 1,000 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in TORM by 575.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,919 shares of the company's stock valued at $58,000 after acquiring an additional 1,635 shares during the period. 73.89% of the stock is currently owned by institutional investors and hedge funds.
TORM Company Profile
(
Get Free Report)
TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two operating segments, Tanker and Marine Exhaust. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil.
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