Okeanis Eco Tankers (NYSE:ECO) Shares Gap Up - Time to Buy?

Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $22.49, but opened at $23.67. Okeanis Eco Tankers shares last traded at $23.49, with a volume of 122,729 shares.

Okeanis Eco Tankers Stock Down 3.1%

The business's 50 day simple moving average is $22.69 and its 200 day simple moving average is $22.33. The company has a market capitalization of $754.31 million, a PE ratio of 6.93 and a beta of -0.08. The company has a quick ratio of 1.34, a current ratio of 1.64 and a debt-to-equity ratio of 1.46.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last posted 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 net margin of 27.68% and a return on equity of 25.40%. The firm had revenue of $48.60 million during the quarter, compared to analyst estimates of $46.91 million. As a group, analysts forecast that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current year.

Okeanis Eco Tankers Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. PDT Partners LLC increased its stake in shares of Okeanis Eco Tankers by 6.2% in the fourth quarter. PDT Partners LLC now owns 21,504 shares of the company's stock worth $457,000 after acquiring an additional 1,250 shares during the last quarter. Citadel Advisors LLC grew its stake in shares of Okeanis Eco Tankers by 21.7% in the 4th quarter. Citadel Advisors LLC now owns 13,108 shares of the company's stock valued at $279,000 after buying an additional 2,340 shares in the last quarter. Wells Fargo & Company MN bought a new stake in Okeanis Eco Tankers in the fourth quarter worth approximately $78,000. Bank of America Corp DE increased its stake in shares of Okeanis Eco Tankers by 25.9% during the 4th quarter. Bank of America Corp DE now owns 23,307 shares of the company's stock worth $496,000 after purchasing an additional 4,798 shares during the last quarter. Finally, FIL Ltd raised its holdings in shares of Okeanis Eco Tankers by 1.3% during the 4th quarter. FIL Ltd now owns 611,929 shares of the company's stock valued at $12,439,000 after purchasing an additional 8,053 shares in the last quarter.

Okeanis Eco Tankers Company Profile

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.