StealthGas, Inc. (NASDAQ:GASS - Get Free Report)'s share price crossed 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 trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded StealthGas from a "buy" rating to a "hold" rating in a research note on Friday, May 30th.
Read Our Latest Analysis on StealthGas
StealthGas Trading Up 2.4%
The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.83 and a current ratio of 1.90. The company has a 50 day simple moving average of $5.74 and a two-hundred day simple moving average of $5.62. The firm has a market cap of $249.62 million, a PE ratio of 3.75 and a beta of 0.33.
StealthGas (NASDAQ:GASS - Get Free Report) last issued its earnings results on Wednesday, May 28th. The shipping company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.11. StealthGas had a return on equity of 10.79% and a net margin of 39.49%. The firm had revenue of $42.03 million for the quarter, compared to the consensus estimate of $40.40 million.
Institutional Trading of StealthGas
A number of hedge funds have recently modified their holdings of GASS. Bank of America Corp DE boosted its stake in shares of StealthGas by 701.2% in the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company's stock worth $58,000 after buying an additional 8,982 shares during the last quarter. Lazard Asset Management LLC acquired a new position in StealthGas in the 4th quarter worth about $61,000. Jump Financial LLC acquired a new position in StealthGas in the 1st quarter worth about $63,000. Altshuler Shaham Ltd raised its holdings in StealthGas by 5,542.0% in the 4th quarter. Altshuler Shaham Ltd now owns 14,500 shares of the shipping company's stock worth $82,000 after purchasing an additional 14,243 shares during the period. Finally, XTX Topco Ltd acquired a new position in StealthGas in the 4th quarter worth about $88,000. Hedge funds and other institutional investors own 66.32% of the company's stock.
About StealthGas
(
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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