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) posted its quarterly earnings results on Tuesday, November, 5th. The shipping company reported ($0.17) earnings per share for the quarter, beating 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 quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted ($0.37) EPS. 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 12-month price targets for Ardmore Shipping's stock. Their forecasts range from $8.00 to $9.50. On average, they anticipate Ardmore Shipping's stock price to reach $8.75 in the next year. This suggests a possible upside of 30.3% 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.

News articles about ASC stock have been trending somewhat negative this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ardmore Shipping earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave media headlines about the shipping company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Ardmore Shipping.

Ardmore Shipping saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 390,600 shares, a decrease of 19.9% from the December 15th total of 487,900 shares. Based on an average daily trading volume, of 272,100 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.2% of the company's stock are short sold. View Ardmore Shipping's Current Options Chain.

Some companies that are related to Ardmore Shipping include Star Bulk Carriers (SBLK), PAC BASIN SHIPP/ADR (PCFBY), Seacor (CKH), Dorian LPG (LPG), Navigator (NVGS), DryShips (DRYS), Teekay (TK), Genco Shipping & Trading (GNK), Scorpio Bulkers (SALT), TSAKOS ENERGY N/SH (TNP), Eagle Bulk Shipping (EGLE), SEACOR Marine (SMHI), Diana Shipping (DSX), Capital Product Partners (CPLP) 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 retail and institutional investors. Top institutional shareholders include Campbell & CO Investment Adviser LLC (0.27%) and FNY Investment Advisers LLC (0.10%). View Institutional Ownership Trends for Ardmore Shipping.

ASC stock was acquired by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC and FNY Investment Advisers LLC. 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 $6.72.

Ardmore Shipping has a market capitalization of $222.27 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]