Toro (NASDAQ:TORO) Stock Price Up 3.6% - Here's Why

Key Points

• Toro Corp. shares increased by 3.6% to $4.26, with trading volume up 110% from average levels.
• The company has a current consensus rating of "Sell" from analysts, according to Weiss Ratings.
• Toro reported earnings of $0.02 per share for the last quarter, with revenues totaling $4.06 million.

Toro Corp. (NASDAQ:TORO - Get Free Report) shares rose 3.6% during trading on Monday . The company traded as high as $4.45 and last traded at $4.26. Approximately 349,291 shares were traded during trading, an increase of 110% from the average daily volume of 166,028 shares. The stock had previously closed at $4.11.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Toro in a report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell".

Toro Price Performance

The firm's fifty day simple moving average is $3.00 and its 200 day simple moving average is $2.48. The company has a market capitalization of $81.32 million, a PE ratio of 213.11 and a beta of 1.31.

Toro (NASDAQ:TORO - Get Free Report) last released its quarterly earnings data on Wednesday, October 1st. The company reported $0.02 earnings per share for the quarter. Toro had a return on equity of 2.46% and a net margin of 24.65%.The business had revenue of $4.06 million during the quarter.

About Toro

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.

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