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 (WHO). Since then, ASC shares have decreased by 15.6% and is now trading at $4.10.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Ardmore Shipping is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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Ardmore Shipping Corp (NYSE:ASC) released its earnings results on Tuesday, July, 28th. The shipping company reported $0.41 EPS for the quarter, topping the Zacks' consensus estimate of $0.37 by $0.04. The shipping company had revenue of $47.06 million for the quarter, compared to analysts' expectations of $54.67 million. Ardmore Shipping had a net margin of 6.64% and a return on equity of 5.12%.
View Ardmore Shipping's earnings history.

Ardmore Shipping announced a quarterly dividend on Wednesday, February 12th. Shareholders of record on Friday, February 21st will be given a dividend of $0.05 per share on Friday, February 28th. This represents a $0.20 annualized dividend and a yield of 4.88%. The ex-dividend date is Thursday, February 20th.
View Ardmore Shipping's dividend history.

3 equities research analysts have issued 1-year target prices for Ardmore Shipping's stock. Their forecasts range from $4.40 to $9.50. On average, they expect Ardmore Shipping's share price to reach $6.95 in the next twelve months. This suggests a possible upside of 69.5% from the stock's current price.
View analysts' price targets for Ardmore Shipping.

Headlines about ASC stock have been trending neutral on Tuesday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Ardmore Shipping earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave news 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 about Ardmore Shipping.

Ardmore Shipping saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 343,700 shares, an increase of 12.2% from the January 31st total of 306,400 shares. Based on an average trading volume of 301,000 shares, the short-interest ratio is presently 1.1 days. Approximately 1.0% of the company's shares are short sold.
View Ardmore Shipping's Short Interest.

Some companies that are related to Ardmore Shipping include Navigator (NVGS), Dorian LPG (LPG), DryShips (DRYS), Genco Shipping & Trading (GNK), Teekay (TK), Eagle Bulk Shipping (EGLE), Overseas Shipholding Group (OSG), Scorpio Bulkers (SALT), TSAKOS ENERGY N/SH (TNP), Diana Shipping (DSX), Danaos (DAC), Safe Bulkers (SB), Capital Product Partners (CPLP), Pangaea Logistics Solutions (PANL) and StealthGas (GASS).
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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), AT&T (T), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Fossil Group (FOSL), Bank of America (BAC) and Ford Motor (F).

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

Ardmore Shipping's stock is owned by a variety of retail and institutional investors. Top institutional investors include Russell Investments Group Ltd. (6.52%), WealthTrust Axiom LLC (0.63%), Monarch Partners Asset Management LLC (0.18%), UBS Group AG (0.16%), Campbell & CO Investment Adviser LLC (0.12%) and New York State Common Retirement Fund (0.06%).
View institutional ownership trends for Ardmore Shipping.

ASC stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., WealthTrust Axiom LLC, Monarch Partners Asset Management LLC, and New York State Common Retirement Fund.
View insider buying and selling activity for Ardmore Shipping.

ASC stock was purchased by a variety of institutional investors in the last quarter, including UBS Group AG, Campbell & CO Investment Adviser LLC, and SG Americas Securities LLC.
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 $4.10.

Ardmore Shipping has a market capitalization of $136.24 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 1,105 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]