Shares of StealthGas, Inc. (NASDAQ:GASS - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.87 and traded as high as $6.78. StealthGas shares last traded at $6.75, with a volume of 34,427 shares traded.
Analysts Set New Price Targets
Separately, Wall Street Zen cut StealthGas from a "buy" rating to a "hold" rating in a report on Friday, May 30th.
Read Our Latest Stock Report on GASS
StealthGas Trading Down 2.0%
The stock has a market cap of $247.77 million, a PE ratio of 3.72 and a beta of 0.39. The company's 50-day moving average price is $6.57 and its 200 day moving average price is $5.88. 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 results on Wednesday, May 28th. The shipping company reported $0.44 earnings per share 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.
Institutional Investors Weigh In On StealthGas
Several institutional investors and hedge funds have recently modified their holdings of GASS. Sowell Financial Services LLC purchased a new position in StealthGas during the 1st quarter valued at about $98,000. Squarepoint Ops LLC boosted its stake in shares of StealthGas by 32.3% in the fourth quarter. Squarepoint Ops LLC now owns 52,348 shares of the shipping company's stock valued at $296,000 after purchasing an additional 12,777 shares during the period. XTX Topco Ltd acquired a new position in shares of StealthGas in the fourth quarter valued at approximately $88,000. Two Sigma Advisers LP grew its holdings in shares of StealthGas by 22.5% in the fourth quarter. Two Sigma Advisers LP now owns 335,200 shares of the shipping company's stock valued at $1,894,000 after purchasing an additional 61,500 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in StealthGas during the 4th quarter worth approximately $333,000. 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.
Read More
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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
