Toro (NASDAQ:TORO) Trading Down 1.4%

Toro Corp. (NASDAQ:TORO) shares fell 1.4% during trading on Thursday . The company traded as low as $4.37 and last traded at $4.37. 10,893 shares were traded during trading, a decline of 77% from the average session volume of 47,340 shares. The stock had previously closed at $4.43.

Toro Stock Down 1.4 %

The stock has a fifty day moving average of $4.94 and a 200 day moving average of $5.01. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.01 and a quick ratio of 20.98. The firm has a market capitalization of $82.93 million, a P/E ratio of 1.67 and a beta of 2.14.

Toro (NASDAQ:TORO) last released its earnings results on Monday, February 12th. The company reported $0.16 EPS for the quarter. The company had revenue of $11.92 million for the quarter. Toro had a return on equity of 66.54% and a net margin of 179.23%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Toro stock. Privium Fund Management UK Ltd purchased a new position in Toro Corp. (NASDAQ:TORO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,824 shares of the company’s stock, valued at approximately $86,000. Privium Fund Management UK Ltd owned 0.08% of Toro at the end of the most recent quarter. 1.74% of the stock is owned by institutional investors.

Toro Company Profile

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.