ASC has been the subject of a number of other reports. StockNews.com began coverage on shares of Ardmore Shipping in a research note on Thursday, March 31st. They issued a “hold” rating for the company. HC Wainwright upped their target price on shares of Ardmore Shipping from $5.50 to $8.50 and gave the company a “buy” rating in a research note on Friday, April 22nd. Jefferies Financial Group assumed coverage on shares of Ardmore Shipping in a research note on Wednesday, April 27th. They set a “buy” rating and a $7.50 target price for the company. Finally, TheStreet upgraded shares of Ardmore Shipping from a “d+” rating to a “c-” rating in a research note on Wednesday, April 27th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Ardmore Shipping currently has an average rating of “Buy” and a consensus target price of $6.70.
Shares of Ardmore Shipping stock opened at $7.58 on Tuesday. The firm has a fifty day simple moving average of $6.78 and a 200-day simple moving average of $4.89. The company has a current ratio of 1.86, a quick ratio of 1.66 and a debt-to-equity ratio of 1.10. Ardmore Shipping has a 1-year low of $3.07 and a 1-year high of $8.24. The stock has a market capitalization of $262.04 million, a price-to-earnings ratio of -6.95 and a beta of 0.29.
A number of institutional investors have recently made changes to their positions in ASC. Eqis Capital Management Inc. bought a new stake in Ardmore Shipping in the 1st quarter valued at $46,000. Renaissance Technologies LLC bought a new stake in Ardmore Shipping in the 4th quarter valued at $63,000. Virtu Financial LLC bought a new stake in Ardmore Shipping in the 1st quarter valued at $68,000. Marshall Wace LLP bought a new stake in Ardmore Shipping in the 4th quarter valued at $79,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Ardmore Shipping in the 4th quarter valued at $100,000. 66.52% of the stock is currently owned by hedge funds and other institutional investors.
About Ardmore Shipping (Get Rating)
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers.
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