StealthGas (NASDAQ:GASS) Stock Breaks Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• StealthGas shares briefly moved above their 200-day moving average of $9.20, reaching $9.26 before closing at $9.08.
• Analyst sentiment is cautious: recent ratings downgrades left the stock with an overall “Hold” consensus.
• The company missed quarterly expectations, reporting $0.46 in EPS versus $0.53 expected and revenue of $42.91 million versus $44.90 million estimated; additionally, a director sold 36,200 shares at an average price of $9.25.

StealthGas, Inc. (NASDAQ:GASS - Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $9.20 and traded as high as $9.26. StealthGas shares last traded at $9.08, with a volume of 81,822 shares.

Wall Street Analyst Weigh In

A number of analysts have issued reports on GASS shares. Weiss Ratings lowered StealthGas from a "buy (b)" rating to a "hold (c)" rating in a report on Thursday, September 3rd. Wall Street Zen lowered StealthGas from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, StealthGas presently has an average rating of "Hold".

StealthGas Stock Performance

The company has a market capitalization of $341.68 million, a price-to-earnings ratio of 5.71 and a beta of 0.25. The firm's 50-day simple moving average is $9.19 and its 200-day simple moving average is $9.20.

StealthGas (NASDAQ:GASS - Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The shipping company reported $0.46 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $44.90 million.

Insider Transactions at StealthGas

In related news, Director Michael Jolliffe sold 36,200 shares of the business's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $9.25, for a total transaction of $334,850.00. Following the transaction, the director directly owned 54,500 shares in the company, valued at $504,125. The trade was a 39.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 22.10% of the stock is owned by corporate insiders.

Institutional Trading of StealthGas

Several institutional investors have recently modified their holdings of GASS. Tidal Investments LLC bought a new stake in shares of StealthGas during the second quarter valued at approximately $130,000. WINTON GROUP Ltd lifted its position in StealthGas by 3.7% in the second quarter. WINTON GROUP Ltd now owns 41,680 shares of the shipping company's stock worth $329,000 after purchasing an additional 1,483 shares during the period. NewEdge Advisors LLC boosted its stake in StealthGas by 24.1% during the second quarter. NewEdge Advisors LLC now owns 62,191 shares of the shipping company's stock worth $491,000 after buying an additional 12,097 shares in the last quarter. Militia Capital Management LLC acquired a new stake in StealthGas during the first quarter worth $422,000. Finally, Renaissance Technologies LLC boosted its stake in StealthGas by 0.8% during the first quarter. Renaissance Technologies LLC now owns 2,032,631 shares of the shipping company's stock worth $18,660,000 after buying an additional 17,100 shares in the last quarter. Institutional investors and hedge funds own 66.32% of the company's stock.

About StealthGas

StealthGas, Inc is a maritime transportation company that specializes in the seaborne transport of liquefied petroleum gas (LPG). The company owns and operates a fleet of LPG carriers that transport propane, butane and other liquefied gases for energy companies, commodity traders and industrial customers.

StealthGas provides transportation services through time charters, voyage charters and other commercial arrangements. Its vessels serve international trade routes, supporting the movement of LPG between production centers, storage facilities and end markets across multiple regions.

Founded in 2004 and headquartered in Athens, Greece, StealthGas has also operated vessels in related segments of the tanker industry through affiliated companies and subsidiaries.

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