Toro's (TORO) Sell (D-) Rating Reiterated at Weiss Ratings

Key Points

• Toro's stock has been reiterated with a "sell (D-)" rating by Weiss Ratings, indicating ongoing concerns among analysts about the company's performance.
• Shares of Toro decreased by 2.5% during trading, currently priced at $4.22, with a market cap of $80.56 million and a high P/E ratio of 211.11.
• The company reported $4.06 million in revenue for the last quarter with an EPS of $0.02, alongside a low return on equity of 2.46%.

Toro (NASDAQ:TORO - Get Free Report)'s stock had its "sell (d-)" rating restated by stock analysts at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

Toro Stock Down 2.5%

Shares of TORO traded down $0.11 during trading hours on Tuesday, reaching $4.22. The stock had a trading volume of 19,874 shares, compared to its average volume of 128,376. Toro has a 52 week low of $1.70 and a 52 week high of $4.94. The firm has a 50-day moving average of $3.13 and a 200 day moving average of $2.54. The company has a market cap of $80.56 million, a P/E ratio of 211.11 and a beta of 1.31.

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

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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