Torm (NASDAQ:TRMD) Trading Down 4.9% - Here's Why

Key Points

• Torm Plc's stock experienced a decline of 4.9%, trading as low as $18.36, with a significant decrease in trading volume down by 74% from its average.
• Analysts have mixed sentiments on Torm, with upgrades from multiple firms, while one analyst issued a sell rating, resulting in an average rating of "Moderate Buy" and a consensus price target of $27.50.
• In its recent earnings report, Torm missed EPS expectations of $0.64, posting $0.62, with $214 million in revenue compared to the $244.25 million consensus estimate.

Torm Plc (NASDAQ:TRMD - Get Free Report)'s share price traded down 4.9% during trading on Monday . The stock traded as low as $18.36 and last traded at $18.29. 239,445 shares were traded during trading, a decline of 74% from the average session volume of 930,364 shares. The stock had previously closed at $19.23.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Fearnley Fonds upgraded Torm from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Pareto Securities upgraded Torm from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, Evercore ISI reduced their target price on Torm from $25.00 to $23.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.50.

Torm Price Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 2.55 and a quick ratio of 2.28. The company has a 50-day simple moving average of $17.99 and a two-hundred day simple moving average of $17.72. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 3.91 and a beta of 0.12.

Torm (NASDAQ:TRMD - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.02). The business had revenue of $214.00 million for the quarter, compared to analyst estimates of $244.25 million. Torm had a net margin of 32.20% and a return on equity of 22.40%. On average, equities research analysts predict that Torm Plc will post 6.27 earnings per share for the current year.

Hedge Funds Weigh In On Torm

A number of institutional investors have recently bought and sold shares of TRMD. Hsbc Holdings PLC boosted its position in Torm by 49.2% during the 4th quarter. Hsbc Holdings PLC now owns 153,460 shares of the company's stock worth $2,959,000 after acquiring an additional 50,589 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Torm by 22.4% during the 4th quarter. Vanguard Group Inc. now owns 1,885,040 shares of the company's stock valued at $36,417,000 after buying an additional 345,463 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Torm by 86.3% during the 4th quarter. Franklin Resources Inc. now owns 61,429 shares of the company's stock valued at $1,180,000 after buying an additional 28,455 shares during the last quarter. Mariner LLC lifted its holdings in shares of Torm by 129.3% during the 4th quarter. Mariner LLC now owns 41,382 shares of the company's stock valued at $805,000 after buying an additional 23,337 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Torm by 52.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 58,000 shares of the company's stock valued at $944,000 after buying an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 73.89% of the company's stock.

Torm Company Profile

TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two operating segments, Tanker and Marine Exhaust. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil.

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