Okeanis Eco Tankers (NYSE:ECO) Stock Price Down 4.4% - Here's What Happened

Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) dropped 4.4% on Monday . The stock traded as low as $23.53 and last traded at $23.10. Approximately 50,496 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 152,870 shares. The stock had previously closed at $24.17.

Okeanis Eco Tankers Stock Performance

The company has a market capitalization of $772.75 million, a price-to-earnings ratio of 9.68 and a beta of -0.08. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.28 and a current ratio of 1.65. The firm has a 50-day simple moving average of $23.03 and a two-hundred day simple moving average of $22.38.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.12. Okeanis Eco Tankers had a return on equity of 18.89% and a net margin of 22.05%. The business had revenue of $48.60 million during the quarter, compared to the consensus estimate of $46.91 million. On average, sell-side analysts anticipate that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current fiscal year.

Okeanis Eco Tankers Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 12th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.32 per share. This represents a dividend yield of 9.52%. The ex-dividend date was Tuesday, June 3rd. Okeanis Eco Tankers's dividend payout ratio is presently 51.61%.

Hedge Funds Weigh In On Okeanis Eco Tankers

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN acquired a new position in shares of Okeanis Eco Tankers during the fourth quarter worth about $78,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Okeanis Eco Tankers during the fourth quarter worth about $213,000. Aristides Capital LLC acquired a new position in shares of Okeanis Eco Tankers during the fourth quarter worth about $227,000. Citadel Advisors LLC grew its position in shares of Okeanis Eco Tankers by 21.7% during the fourth quarter. Citadel Advisors LLC now owns 13,108 shares of the company's stock worth $279,000 after buying an additional 2,340 shares in the last quarter. Finally, Triumph Capital Management acquired a new position in shares of Okeanis Eco Tankers during the first quarter worth about $440,000.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.