Tufton Oceanic Assets (NASDAQ:SHIP) Shares Pass Above Two Hundred Day Moving Average of $5.13

Tufton Oceanic Assets Limited (NASDAQ:SHIP)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.13 and traded as high as $5.25. Tufton Oceanic Assets shares last traded at $5.12, with a volume of 56,180 shares traded.

Analyst Ratings Changes

SHIP has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Tufton Oceanic Assets in a research note on Thursday, October 5th. They set a “hold” rating on the stock. TheStreet upgraded shares of Tufton Oceanic Assets from a “d+” rating to a “c-” rating in a research note on Friday, September 15th.

Tufton Oceanic Assets Trading Up 0.4 %

The stock has a market capitalization of $93.13 million, a P/E ratio of 22.26 and a beta of 0.57. The company has a quick ratio of 0.48, a current ratio of 0.51 and a debt-to-equity ratio of 0.88. The stock’s 50 day moving average price is $5.56 and its 200-day moving average price is $5.13.

Institutional Investors Weigh In On Tufton Oceanic Assets

Institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. acquired a new stake in Tufton Oceanic Assets in the fourth quarter valued at approximately $364,000. State Street Corp boosted its stake in Tufton Oceanic Assets by 106.3% in the first quarter. State Street Corp now owns 171,130 shares of the shipping company’s stock valued at $204,000 after acquiring an additional 88,179 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Tufton Oceanic Assets in the fourth quarter valued at approximately $177,000. Jane Street Group LLC boosted its stake in Tufton Oceanic Assets by 183.1% in the first quarter. Jane Street Group LLC now owns 127,749 shares of the shipping company’s stock valued at $146,000 after acquiring an additional 82,629 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Tufton Oceanic Assets in the second quarter valued at approximately $100,000. 7.31% of the stock is currently owned by institutional investors and hedge funds.

Tufton Oceanic Assets Company Profile

Seanergy Maritime Holdings Corp. is an international shipping company, which engages in the seaborne transportation of dry bulk commodities. It focuses on the owning and management of a fleet of Capesize bulk carriers. The company was founded on January 4, 2008 and is headquartered in Athens, Greece.