Robin Energy (NASDAQ:RBNE) Stock Price Down 0.8% – Time to Sell?

Robin Energy Ltd. (NASDAQ:RBNE)’s share price traded down 0.8% during trading on Tuesday. The company traded as low as $2.34 and last traded at $2.34. Approximately 5,004 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 29,918 shares. The stock had previously closed at $2.36.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Robin Energy in a report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Robin Energy Stock Down 0.8%

The company’s fifty day moving average is $2.70 and its 200 day moving average is $13.32. The firm has a market cap of $3.11 million, a price-to-earnings ratio of 25.74 and a beta of 1.56.

Hedge Funds Weigh In On Robin Energy

A hedge fund recently bought a new stake in Robin Energy stock. Empery Asset Management LP bought a new stake in Robin Energy Ltd. (NASDAQ:RBNE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 301,072 shares of the company’s stock, valued at approximately $882,000. Robin Energy comprises 0.8% of Empery Asset Management LP’s portfolio, making the stock its 14th biggest position. Empery Asset Management LP owned approximately 10.71% of Robin Energy as of its most recent SEC filing.

Robin Energy Company Profile

Robin Energy Ltd. (NASDAQ: RBNE) is a maritime transportation company focused on the ownership and operation of tanker vessels. The company provides seaborne transportation services for energy products, including crude oil and refined petroleum products.

Through its tanker fleet, Robin Energy serves the international energy and shipping markets, transporting cargoes between ports in various global trading regions. Its business is influenced by demand for oil transportation, fleet utilization, vessel operating costs and conditions in the tanker charter market.

Robin Energy is headquartered in Greece and operates as an international shipping company.