Toro (NASDAQ:TORO) Trading Down 3.2% - What's Next?

Key Points

• Toro Corp.'s stock price declined by 3.2%, trading as low as $2.93 during mid-day trading, with only 77,180 shares exchanged, significantly below the average volume.
• The company reported an EPS of $0.02 and revenue of $5.54 million for the previous quarter, revealing a return on equity of 2.31% and a net margin of 21.64%.
• Toro operates a fleet of tankers for transporting crude oil and petroleum products, comprising one Handysize tanker, one Aframax/LR2 vessel, and four LPG carriers as of December 31, 2023.

Toro Corp. (NASDAQ:TORO - Get Free Report)'s stock price traded down 3.2% during mid-day trading on Thursday . The stock traded as low as $2.93 and last traded at $2.99. 77,180 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 351,407 shares. The stock had previously closed at $3.09.

Toro Trading Down 3.2%

The business has a fifty day moving average of $2.39 and a 200 day moving average of $2.40.

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

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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