StealthGas (NASDAQ:GASS) Stock Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• StealthGas (NASDAQ:GASS) recently saw its share price cross above its 200-day moving average, marking a trading high of $6.78, with shares last at $6.75.
• The company reported an earnings per share (EPS) of $0.44 for the last quarter, outperforming analyst expectations of $0.33.
• Wall Street Zen downgraded StealthGas from a "buy" rating to a "hold" rating as of May 30th.

StealthGas, Inc. (NASDAQ:GASS - Get Free Report) shares 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.

Analyst Ratings Changes

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

StealthGas Price Performance

The company has a quick ratio of 1.83, a current ratio of 1.90 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $246.66 million, a PE ratio of 3.71 and a beta of 0.39. The company has a 50-day moving average of $6.58 and a 200 day moving average of $5.89.

StealthGas (NASDAQ:GASS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The shipping company reported $0.44 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $40.40 million.

Institutional Trading of StealthGas

Several large investors have recently added to or reduced their stakes in GASS. Towerview LLC grew 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 buying an additional 79,929 shares in the last quarter. Two Sigma Advisers LP grew 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 buying an additional 61,500 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in StealthGas in the 4th quarter valued at $333,000. JPMorgan Chase & Co. grew its holdings in StealthGas by 156.1% in the 4th quarter. JPMorgan Chase & Co. now owns 72,770 shares of the shipping company's stock valued at $411,000 after buying an additional 44,354 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in StealthGas by 136.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 72,009 shares of the shipping company's stock valued at $407,000 after buying an additional 41,497 shares in the last quarter. 66.32% of the stock is currently owned by hedge funds and other 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.