NYSE:ASC - Ardmore Shipping Stock Price, Forecast & News

Ardmore Shipping trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASC."

Ardmore Shipping Corp (NYSE:ASC) released its quarterly earnings data on Tuesday, November, 5th. The shipping company reported ($0.17) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.01. The shipping company had revenue of $52.10 million for the quarter, compared to the consensus estimate of $29.98 million. Ardmore Shipping had a negative net margin of 18.34% and a negative return on equity of 6.11%. The firm's revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.37) earnings per share. View Ardmore Shipping's Earnings History.

Ardmore Shipping is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for Ardmore Shipping.

4 brokers have issued 1-year price targets for Ardmore Shipping's shares. Their forecasts range from $8.00 to $9.50. On average, they expect Ardmore Shipping's share price to reach $8.75 in the next year. This suggests a possible upside of 30.4% from the stock's current price. View Analyst Price Targets for Ardmore Shipping.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ardmore Shipping.

Media headlines about ASC stock have been trending positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ardmore Shipping earned a daily sentiment score of 3.0 on InfoTrie's scale. They also assigned media headlines about the shipping company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Ardmore Shipping.

Ardmore Shipping saw a drop in short interest in January. As of January 15th, there was short interest totalling 390,600 shares, a drop of 19.9% from the December 31st total of 487,900 shares. Based on an average trading volume of 258,100 shares, the short-interest ratio is presently 1.5 days. Approximately 1.2% of the shares of the company are sold short. View Ardmore Shipping's Current Options Chain.

Some companies that are related to Ardmore Shipping include PAC BASIN SHIPP/ADR (PCFBY), Star Bulk Carriers (SBLK), Seacor (CKH), Dorian LPG (LPG), Navigator (NVGS), DryShips (DRYS), Teekay (TK), Genco Shipping & Trading (GNK), Scorpio Bulkers (SALT), Eagle Bulk Shipping (EGLE), TSAKOS ENERGY N/SH (TNP), Diana Shipping (DSX), Capital Product Partners (CPLP), SEACOR Marine (SMHI) and Danaos (DAC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Ardmore Shipping investors own include Petra Diamonds (PDL), Intelsat (I), Fossil Group (FOSL), AMC Entertainment (AMC), Scorpio Tankers (STNG), Ciena (CIEN), Cypress Semiconductor (CY), Bank of America (BAC), China Unicom (Hong Kong) (CHU) and Ford Motor (F).

Ardmore Shipping's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Campbell & CO Investment Adviser LLC (0.27%), FNY Investment Advisers LLC (0.10%) and California Public Employees Retirement System (0.09%). View Institutional Ownership Trends for Ardmore Shipping.

ASC stock was purchased by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC, FNY Investment Advisers LLC and California Public Employees Retirement System. View Insider Buying and Selling for Ardmore Shipping.

Shares of ASC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of ASC stock can currently be purchased for approximately $6.71.

Ardmore Shipping has a market capitalization of $222.10 million and generates $210.18 million in revenue each year. The shipping company earns $-42,940,000.00 in net income (profit) each year or ($1.04) on an earnings per share basis. Ardmore Shipping employs 1,128 workers across the globe.View Additional Information About Ardmore Shipping.

The official website for Ardmore Shipping is http://ardmoreshipping.com/.

Ardmore Shipping's mailing address is Belvedere Building 69 Pitts Bay Road Ground Floor, Pembroke D0, HM08. The shipping company can be reached via phone at 441-405-7800 or via email at [email protected]