Okeanis Eco Tankers (NYSE:ECO) Stock Price Up 1.5% - Here's Why

Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report)'s share price shot up 1.5% on Monday . The company traded as high as $19.00 and last traded at $18.81. 77,686 shares were traded during trading, a decline of 42% from the average session volume of 134,434 shares. The stock had previously closed at $18.54.

Analyst Upgrades and Downgrades

Separately, B. Riley decreased their target price on Okeanis Eco Tankers from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th.

Okeanis Eco Tankers Stock Performance

The stock has a market capitalization of $661.26 million, a PE ratio of 6.08 and a beta of 0.04. The business's fifty day moving average is $22.01 and its two-hundred day moving average is $24.08. 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 announced its earnings results on Wednesday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.19. Okeanis Eco Tankers had a net margin of 27.68% and a return on equity of 25.40%. The firm had revenue of $85.19 million for the quarter, compared to analysts' expectations of $82.46 million. As a group, research analysts anticipate that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current fiscal year.

Okeanis Eco Tankers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 6.82%. Okeanis Eco Tankers's dividend payout ratio is presently 41.42%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Wells Fargo & Company MN purchased a new stake in shares of Okeanis Eco Tankers in the 4th quarter worth $78,000. Jane Street Group LLC purchased a new stake in Okeanis Eco Tankers in the third quarter worth about $206,000. B. Riley Wealth Advisors Inc. bought a new position in Okeanis Eco Tankers during the 4th quarter worth about $213,000. Aristides Capital LLC purchased a new position in Okeanis Eco Tankers during the 4th quarter valued at about $227,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Okeanis Eco Tankers in the 3rd quarter valued at about $383,000.

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.