StealthGas, Inc. (NASDAQ:GASS - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.67 and traded as high as $6.52. StealthGas shares last traded at $6.42, with a volume of 103,724 shares traded.
Analysts Set New Price Targets
Separately, Wall Street Zen cut shares of StealthGas from a "buy" rating to a "hold" rating in a research report on Friday, May 30th.
Read Our Latest Stock Analysis on StealthGas
StealthGas Price Performance
The firm's 50 day simple moving average is $5.91 and its two-hundred day simple moving average is $5.67. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.90 and a quick ratio of 1.83. The firm has a market capitalization of $244.81 million, a P/E ratio of 3.68 and a beta of 0.34.
StealthGas (NASDAQ:GASS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The shipping company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.11. The business had revenue of $42.03 million during the quarter, compared to analysts' expectations of $40.40 million. StealthGas had a net margin of 39.49% and a return on equity of 10.79%.
Hedge Funds Weigh In On StealthGas
Several large investors have recently made changes to their positions in the business. Inspire Advisors LLC raised its holdings in StealthGas by 22.4% in the fourth quarter. Inspire Advisors LLC now owns 121,206 shares of the shipping company's stock worth $685,000 after buying an additional 22,203 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in StealthGas by 34.0% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,808 shares of the shipping company's stock worth $140,000 after acquiring an additional 6,299 shares during the last quarter. Virtu Financial LLC bought a new position in StealthGas in the 4th quarter valued at approximately $142,000. JPMorgan Chase & Co. boosted its stake in StealthGas by 156.1% during the 4th quarter. JPMorgan Chase & Co. now owns 72,770 shares of the shipping company's stock valued at $411,000 after purchasing an additional 44,354 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of StealthGas in the 4th quarter worth $88,000. 66.32% of the stock is currently owned by hedge funds and other institutional investors.
StealthGas Company Profile
(
Get Free Report)
StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.
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