StealthGas (NASDAQ:GASS) Stock Price Crosses Above 200 Day Moving Average - What's Next?

StealthGas, Inc. (NASDAQ:GASS - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.79 and traded as high as $6.64. StealthGas shares last traded at $6.58, with a volume of 42,819 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of StealthGas from a "buy" rating to a "hold" rating in a research note on Friday, May 30th.

StealthGas Price Performance

The stock's fifty day moving average is $6.22 and its 200-day moving average is $5.80. The stock has a market cap of $243.32 million, a PE ratio of 3.66 and a beta of 0.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.90 and a quick ratio of 1.83.

StealthGas (NASDAQ:GASS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The shipping company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.11. The firm had revenue of $42.03 million for the quarter, compared to analyst estimates of $40.40 million. StealthGas had a return on equity of 10.79% and a net margin of 39.49%.

Hedge Funds Weigh In On StealthGas

Institutional investors and hedge funds have recently bought and sold shares of the business. Sowell Financial Services LLC boosted its position in shares of StealthGas by 14.4% during the 2nd quarter. Sowell Financial Services LLC now owns 19,900 shares of the shipping company's stock valued at $128,000 after purchasing an additional 2,500 shares in the last quarter. XTX Topco Ltd grew its position in StealthGas by 18.3% in the first quarter. XTX Topco Ltd now owns 18,328 shares of the shipping company's stock worth $104,000 after acquiring an additional 2,837 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in StealthGas by 34.0% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,808 shares of the shipping company's stock valued at $140,000 after buying an additional 6,299 shares during the period. Towerview LLC boosted its holdings in StealthGas by 0.3% in the first quarter. Towerview LLC now owns 2,770,000 shares of the shipping company's stock valued at $15,650,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in StealthGas by 701.2% in the 4th quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company's stock worth $58,000 after purchasing an additional 8,982 shares in the last quarter. Hedge funds and other institutional investors own 66.32% of the company's stock.

StealthGas Company Profile

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.