StealthGas (NASDAQ:GASS) Share Price Passes Above 200 Day Moving Average - Time to Sell?

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 lowered shares of StealthGas from a "buy" rating to a "hold" rating in a research note on Friday, May 30th.

StealthGas Trading Up 1.2%

The company's 50 day simple moving average is $6.20 and its 200 day simple moving average is $5.79. The firm has a market cap of $243.33 million, a price-to-earnings 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 announced its earnings results on Wednesday, May 28th. The shipping company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.11. StealthGas had a net margin of 39.49% and a return on equity of 10.79%. The business had revenue of $42.03 million during the quarter, compared to analysts' expectations of $40.40 million.

Hedge Funds Weigh In On StealthGas

Large investors have recently bought and sold shares of the stock. Towerview LLC increased its stake in StealthGas by 0.3% during the 1st quarter. Towerview LLC now owns 2,770,000 shares of the shipping company's stock worth $15,650,000 after buying an additional 7,500 shares during the period. Marshall Wace LLP raised its holdings in shares of StealthGas by 11.9% in the 4th quarter. Marshall Wace LLP now owns 366,203 shares of the shipping company's stock worth $2,069,000 after purchasing an additional 39,027 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of StealthGas by 22.5% in the 4th quarter. Two Sigma Advisers LP now owns 335,200 shares of the shipping company's stock worth $1,894,000 after purchasing an additional 61,500 shares in the last quarter. Navellier & Associates Inc. increased its position in shares of StealthGas by 18.5% in the first quarter. Navellier & Associates Inc. now owns 82,572 shares of the shipping company's stock worth $453,000 after acquiring an additional 12,886 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in StealthGas by 156.1% during the fourth 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 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.

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