Imperial Petroleum (NASDAQ:IMPP) Trading Down 2.1%

Shares of Imperial Petroleum Inc. (NASDAQ:IMPP) traded down 2.1% during trading on Tuesday . The stock traded as low as $3.17 and last traded at $3.32. 771,477 shares were traded during trading, an increase of 24% from the average session volume of 621,295 shares. The stock had previously closed at $3.39.

Imperial Petroleum Stock Down 2.1 %

The firm has a market capitalization of $56.74 million, a PE ratio of 1.03 and a beta of 1.32. The company’s 50-day simple moving average is $3.19 and its 200 day simple moving average is $2.56.

Imperial Petroleum (NASDAQ:IMPP) last released its quarterly earnings results on Tuesday, February 13th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $29.88 million for the quarter. Imperial Petroleum had a net margin of 38.72% and a return on equity of 34.11%.

Hedge Funds Weigh In On Imperial Petroleum

Hedge funds and other institutional investors have recently modified their holdings of the stock. Privium Fund Management UK Ltd purchased a new position in shares of Imperial Petroleum in the 4th quarter valued at approximately $27,000. Millennium Management LLC purchased a new position in shares of Imperial Petroleum in the 2nd quarter valued at approximately $25,000. GSA Capital Partners LLP acquired a new position in Imperial Petroleum in the 3rd quarter worth approximately $104,000. UBS Group AG increased its holdings in Imperial Petroleum by 185.2% in the 3rd quarter. UBS Group AG now owns 84,224 shares of the company’s stock worth $27,000 after buying an additional 54,688 shares during the period. Finally, Two Sigma Securities LLC acquired a new position in Imperial Petroleum in the 1st quarter worth approximately $27,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Imperial Petroleum Company Profile

Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.