StealthGas, Inc. (NASDAQ:GASS - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.00 and traded as high as $10.01. StealthGas shares last traded at $9.90, with a volume of 56,804 shares trading hands.
StealthGas Stock Performance
The stock has a market cap of $371.45 million, a PE ratio of 6.04 and a beta of 0.25. The company's 50 day simple moving average is $9.38 and its 200 day simple moving average is $8.00.
StealthGas (NASDAQ:GASS - Get Free Report) last posted its quarterly earnings data on Monday, March 2nd. The shipping company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The firm had revenue of $39.37 million during the quarter, compared to analyst estimates of $39.80 million. StealthGas had a net margin of 35.03% and a return on equity of 9.08%.
Institutional Investors Weigh In On StealthGas
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LOM Asset Management Ltd purchased a new stake in StealthGas in the 4th quarter valued at about $35,000. Royal Bank of Canada increased its stake in shares of StealthGas by 343.3% during the 4th quarter. Royal Bank of Canada now owns 5,063 shares of the shipping company's stock worth $36,000 after purchasing an additional 3,921 shares during the last quarter. Bank of America Corp DE increased its stake in shares of StealthGas by 701.2% during 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 during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of StealthGas during the 4th quarter worth approximately $78,000. Finally, XTX Topco Ltd purchased a new stake in shares of StealthGas during the 4th quarter worth approximately $79,000. Hedge funds and other institutional investors own 66.32% of the company's stock.
About StealthGas
(
Get Free Report)
StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.
Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider StealthGas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and StealthGas wasn't on the list.
While StealthGas currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
