Toro (NASDAQ:TORO) Trading Down 0.7% - Here's Why

Key Points

• Toro Corp. shares fell by 0.7% during trading on Tuesday, closing at $2.68, with a trading volume down 38% from the average.
• The company reported a quarterly earnings of $0.02 EPS with a net margin of 21.64% and revenue of $5.54 million for the period ending July 17th.
• Toro Corp. operates a fleet of oil and LPG carriers, consisting of one Handysize tanker, one Aframax/LR2 vessel, and four LPG carriers, highlighting its focus on seaborne transportation services.

Shares of Toro Corp. (NASDAQ:TORO - Get Free Report) fell 0.7% during trading on Tuesday . The company traded as low as $2.64 and last traded at $2.68. 16,440 shares were traded during trading, a decline of 38% from the average session volume of 26,684 shares. The stock had previously closed at $2.70.

Toro Trading Down 0.7%

The business has a fifty day moving average price of $2.80 and a 200 day moving average price of $2.38.

Toro (NASDAQ:TORO - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $0.02 EPS for the quarter. Toro had a return on equity of 2.31% and a net margin of 21.64%.The company had revenue of $5.54 million during the quarter.

Toro Company Profile

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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