Toro (NASDAQ:TORO) Posts Quarterly Earnings Results

Toro (NASDAQ:TORO) released its earnings results on Tuesday. The company reported ($0.01) earnings per share for the quarter, Zacks reports. Toro had a return on equity of 17.16% and a net margin of 176.49%.

Toro Price Performance

Shares of NASDAQ TORO traded down $0.58 during trading hours on Tuesday, reaching $1.78. The stock had a trading volume of 76,346 shares, compared to its average volume of 36,473. Toro has a twelve month low of $1.69 and a twelve month high of $4.85. The business’s fifty day moving average is $2.47 and its two-hundred day moving average is $2.80. The company has a market cap of $33.78 million, a price-to-earnings ratio of 1.65 and a beta of 1.26.

About Toro

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.