NYSE:ASCArdmore Shipping Stock Price, Forecast & News

Ardmore Shipping's stock was trading at $4.86 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ASC shares have increased by 8.0% and is now trading at $5.25. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Ardmore Shipping.

Ardmore Shipping is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Ardmore Shipping.

Ardmore Shipping Corp (NYSE:ASC) posted its earnings results on Tuesday, May, 5th. The shipping company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. The shipping company had revenue of $41.53 million for the quarter, compared to the consensus estimate of $39.58 million. Ardmore Shipping had a negative net margin of 3.09% and a negative return on equity of 0.02%. View Ardmore Shipping's earnings history.

Ardmore Shipping announced a quarterly dividend on Wednesday, February 12th. Investors of record on Friday, February 21st will be paid a dividend of $0.05 per share on Friday, February 28th. This represents a $0.20 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Thursday, February 20th. View Ardmore Shipping's dividend history.

3 brokerages have issued 1-year price objectives for Ardmore Shipping's shares. Their forecasts range from $9.50 to $9.50. On average, they expect Ardmore Shipping's stock price to reach $9.50 in the next twelve months. This suggests a possible upside of 81.0% from the stock's current price. View analysts' price targets for Ardmore Shipping.

News headlines about ASC stock have trended negative on Tuesday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ardmore Shipping earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned media coverage about the shipping company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutArdmore Shipping.

Some companies that are related to Ardmore Shipping include PAC BASIN SHIPP/ADR (PCFBY), Torm (TRMD), COSTAMARE INC/SH (CMRE), Seacor (CKH), Star Bulk Carriers (SBLK), DryShips (DRYS), Dorian LPG (LPG), Navigator (NVGS), Teekay (TK), TSAKOS ENERGY N/SH (TNP), Genco Shipping & Trading (GNK), Overseas Shipholding Group (OSG), Capital Product Partners (CPLP), Eagle Bulk Shipping (EGLE) and Diana Shipping (DSX). View all competitors.

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

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

Ardmore Shipping's stock is owned by a number of retail and institutional investors. Top institutional investors include Aristotle Capital Boston LLC (10.39%), Russell Investments Group Ltd. (9.09%), Donald Smith & CO. Inc. (6.05%), BlackRock Inc. (5.95%), Bank of New York Mellon Corp (1.98%) and State Street Corp (1.73%). View institutional ownership trends for Ardmore Shipping.

ASC stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Bank of New York Mellon Corp, Signia Capital Management LLC, Russell Investments Group Ltd., Adirondack Research & Management Inc., Acadian Asset Management LLC, Squarepoint Ops LLC, and Campbell & CO Investment Adviser LLC. View insider buying and selling activity for Ardmore Shipping.

ASC stock was bought by a variety of institutional investors in the last quarter, including Aristotle Capital Boston LLC, Weiss Multi Strategy Advisers LLC, Parametric Portfolio Associates LLC, Connor Clark & Lunn Investment Management Ltd., AQR Capital Management LLC, Geode Capital Management LLC, Engineers Gate Manager LP, and Wells Fargo & Company MN. View insider buying and selling activity 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 $5.25.

Ardmore Shipping has a market capitalization of $174.46 million and generates $230.04 million in revenue each year. The shipping company earns $-22,860,000.00 in net income (profit) each year or ($0.28) on an earnings per share basis. Ardmore Shipping employs 1,128 workers across the globe.

The official website for Ardmore Shipping is 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]