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

Key Points

• StealthGas shares have surpassed their 200-day moving average, indicating a potential bullish trend as the stock reached a high of $7.37 and last traded at $7.24.
• Wall Street analysts downgraded StealthGas from a "buy" to a "hold" rating, reflecting a more cautious outlook on the stock.
• The company reported a quarterly EPS of $0.44, exceeding expectations, with a net margin of 39.49% and a revenue of $42.03 million.

StealthGas, Inc. (NASDAQ:GASS - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.98 and traded as high as $7.37. StealthGas shares last traded at $7.24, with a volume of 261,365 shares traded.

Wall Street Analyst Weigh In

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

StealthGas Stock Up 1.0%

The stock has a market capitalization of $267.74 million, a P/E ratio of 4.02 and a beta of 0.39. The company's 50-day moving average price is $6.72 and its 200 day moving average price is $5.98. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.83 and a current ratio of 1.90.

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

Institutional Trading of StealthGas

Institutional investors and hedge funds have recently modified their holdings of the company. Towerview LLC increased its holdings in StealthGas by 2.9% in the 2nd quarter. Towerview LLC now owns 2,849,929 shares of the shipping company's stock valued at $18,268,000 after acquiring an additional 79,929 shares during the last quarter. Acadian Asset Management LLC increased its holdings in StealthGas by 1.7% in the 2nd quarter. Acadian Asset Management LLC now owns 1,091,498 shares of the shipping company's stock valued at $6,975,000 after acquiring an additional 17,750 shares during the last quarter. Marshall Wace LLP increased its holdings in 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 acquiring an additional 39,027 shares during the last quarter. Two Sigma Advisers LP increased its holdings in 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 acquiring an additional 61,500 shares during the last quarter. Finally, Navellier & Associates Inc. increased its holdings in StealthGas by 18.5% in the 1st quarter. Navellier & Associates Inc. now owns 82,572 shares of the shipping company's stock valued at $453,000 after acquiring an additional 12,886 shares during the last quarter. 66.32% of the stock is currently owned by institutional investors.

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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