StealthGas (NASDAQ:GASS) Shares Cross Above 200 Day Moving Average - Here's Why

Shares of 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 $5.60 and traded as high as $7.16. StealthGas shares last traded at $6.82, with a volume of 127,031 shares changing hands.

Wall Street Analyst Weigh In

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

StealthGas Trading Down 3.7%

The business has a 50 day moving average of $5.68 and a 200 day moving average of $5.60. The firm has a market capitalization of $252.20 million, a price-to-earnings ratio of 3.79 and a beta of 0.33. 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 issued its earnings results on Wednesday, May 28th. The shipping company reported $0.44 earnings per share (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 analysts' expectations of $40.40 million. StealthGas had a return on equity of 10.79% and a net margin of 39.49%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Towerview LLC increased its stake 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 in the last quarter. Marshall Wace LLP increased its position 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 valued at $2,069,000 after buying an additional 39,027 shares in the last quarter. Two Sigma Advisers LP increased its position 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 valued at $1,894,000 after buying an additional 61,500 shares in the last quarter. Inspire Advisors LLC raised its stake in StealthGas by 22.4% during the 4th 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 period. Finally, Navellier & Associates Inc. lifted its holdings in StealthGas by 18.5% during 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. Institutional investors own 66.32% of the company's stock.

About StealthGas

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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