StealthGas Inc. (NASDAQ:GASS – Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.38 and traded as high as $6.60. StealthGas shares last traded at $6.52, with a volume of 66,403 shares traded.
Analyst Ratings Changes
Separately, StockNews.com downgraded StealthGas from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 22nd.
Read Our Latest Stock Analysis on StealthGas
StealthGas Trading Up 0.9 %
StealthGas (NASDAQ:GASS – Get Free Report) last released its earnings results on Wednesday, February 21st. The shipping company reported $0.29 earnings per share (EPS) for the quarter. StealthGas had a net margin of 36.19% and a return on equity of 9.22%. The business had revenue of $30.83 million for the quarter.
Institutional Trading of StealthGas
Institutional investors have recently made changes to their positions in the stock. Towerview LLC grew its position in StealthGas by 0.6% during the third quarter. Towerview LLC now owns 2,520,000 shares of the shipping company’s stock valued at $12,688,000 after acquiring an additional 15,000 shares during the period. Jump Financial LLC purchased a new stake in shares of StealthGas during the 3rd quarter worth about $166,000. New York State Common Retirement Fund acquired a new stake in StealthGas during the 3rd quarter worth approximately $57,000. Dorsey Wright & Associates purchased a new position in StealthGas in the third quarter valued at approximately $25,000. Finally, Janney Montgomery Scott LLC acquired a new position in StealthGas during the third quarter valued at approximately $381,000. 66.32% of the stock is owned by hedge funds and other institutional investors.
StealthGas Company Profile
StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. It also offers crude oil and natural gas. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.
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