StealthGas (NASDAQ:GASS) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• StealthGas shares rose 1.6% and crossed above their 200-day moving average of $9.20, reaching $9.41 before trading at $9.33.
• Analysts maintain a consensus “Hold” rating after Weiss Ratings and Wall Street Zen both downgraded the stock from “Buy” to “Hold.”
• The company’s latest quarter fell short of expectations, reporting $0.46 in EPS versus $0.53 expected and revenue of $42.91 million versus a $44.90 million consensus estimate.

StealthGas, Inc. (NASDAQ:GASS - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.20 and traded as high as $9.41. StealthGas shares last traded at $9.33, with a volume of 88,721 shares trading hands.

Wall Street Analyst Weigh In

GASS has been the subject of several analyst reports. Weiss Ratings downgraded shares of StealthGas from a "buy (b)" rating to a "hold (c)" rating in a research note on Thursday, September 3rd. Wall Street Zen cut shares of StealthGas from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

StealthGas Stock Up 1.6%

The stock has a 50 day moving average of $9.00 and a 200 day moving average of $9.20. The company has a market capitalization of $351.09 million, a price-to-earnings ratio of 5.87 and a beta of 0.25.

StealthGas (NASDAQ:GASS - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The shipping company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). StealthGas had a net margin of 34.97% and a return on equity of 7.87%. The company had revenue of $42.91 million during the quarter, compared to the consensus estimate of $44.90 million.

Institutional Investors Weigh In On StealthGas

Large investors have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new stake in shares of StealthGas during the 4th quarter valued at about $552,000. Two Sigma Investments LP increased its holdings in StealthGas by 31.3% in the third quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company's stock worth $1,554,000 after purchasing an additional 56,493 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in StealthGas by 51.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 153,211 shares of the shipping company's stock worth $1,076,000 after purchasing an additional 51,920 shares in the last quarter. Militia Capital Management LLC bought a new stake in StealthGas in the first quarter worth approximately $422,000. Finally, UBS Group AG lifted its stake in StealthGas by 21.4% in the third quarter. UBS Group AG now owns 260,133 shares of the shipping company's stock valued at $1,704,000 after buying an additional 45,846 shares during the period. 66.32% of the stock is currently owned by institutional investors and hedge funds.

About StealthGas

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.

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