Stabilis Solutions (NASDAQ:SLNG) Trading 5.3% Higher – Time to Buy?

Stabilis Solutions, Inc. (NASDAQ:SLNG) shares traded up 5.3% during mid-day trading on Wednesday . The stock traded as high as $4.45 and last traded at $4.36. 97,882 shares changed hands during mid-day trading, an increase of 606% from the average session volume of 13,858 shares. The stock had previously closed at $4.14.

Wall Street Analysts Forecast Growth

Separately, Maxim Group initiated coverage on Stabilis Solutions in a research report on Monday, February 10th. They set a “buy” rating and a $12.00 price objective for the company.

Stabilis Solutions Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 1.24. The firm has a market cap of $81.08 million, a P/E ratio of 20.76 and a beta of 0.46. The company’s 50 day moving average is $5.41 and its 200 day moving average is $5.41.

Stabilis Solutions (NASDAQ:SLNG) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.11 EPS for the quarter. The company had revenue of $17.30 million during the quarter. Stabilis Solutions had a return on equity of 6.16% and a net margin of 5.29%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SLNG. Tieton Capital Management LLC grew its holdings in Stabilis Solutions by 25.7% during the 4th quarter. Tieton Capital Management LLC now owns 208,051 shares of the company’s stock worth $1,113,000 after acquiring an additional 42,475 shares during the last quarter. Northern Trust Corp grew its stake in shares of Stabilis Solutions by 82.9% in the fourth quarter. Northern Trust Corp now owns 39,879 shares of the company’s stock worth $213,000 after purchasing an additional 18,077 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Stabilis Solutions by 12.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,310 shares of the company’s stock valued at $77,000 after purchasing an additional 1,531 shares during the period. Renaissance Technologies LLC bought a new position in Stabilis Solutions during the 4th quarter worth $56,000. Finally, Ancora Advisors LLC bought a new position in Stabilis Solutions during the 4th quarter worth $36,000. Institutional investors own 3.81% of the company’s stock.

Stabilis Solutions Company Profile

Stabilis Solutions, Inc, together with its subsidiaries, an energy transition company, provides clean energy production, storage, transportation, and fueling solutions primarily using liquefied natural gas (LNG) to various end markets in North America. The company offers LNG solutions to customers in aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets.