Ardmore Shipping Stock Price, News & Analysis (NYSE:ASC)

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

Ardmore Shipping Corp (NYSE:ASC) issued its earnings results on Wednesday, July, 31st. The shipping company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.09) by $0.01. The shipping company earned $55 million during the quarter, compared to the consensus estimate of $32.16 million. Ardmore Shipping had a negative net margin of 21.50% and a negative return on equity of 7.82%. The business's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.26) earnings per share. View Ardmore Shipping's Earnings History.

Ardmore Shipping is scheduled to release their next quarterly earnings announcement on Wednesday, November 6th 2019. View Earnings Estimates for Ardmore Shipping.

3 Wall Street analysts have issued 1 year 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 twelve months. This suggests that the stock has a possible downside of 1.9%. View Analyst Price Targets for Ardmore Shipping.

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.

News stories about ASC stock have been trending negative on Friday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of 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 -2.0 on InfoTrie's scale. They also assigned press coverage about the shipping company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Ardmore Shipping.

Ardmore Shipping saw a decline in short interest during the month of September. As of September 30th, there was short interest totalling 562,100 shares, a decline of 6.8% from the August 30th total of 603,400 shares. Based on an average daily trading volume, of 233,100 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.7% of the company's shares are short sold. View Ardmore Shipping's Current Options Chain.

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

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), First Data (FDC), Associated British Foods (ABF), Chaarat Gold (CGH), Ciena (CIEN) and Cypress Semiconductor (CY).

Ardmore Shipping's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Campbell & CO Investment Adviser LLC (0.17%). 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. 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 $8.92.

Ardmore Shipping has a market capitalization of $295.23 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]