Cool (NYSE:CLCO) Stock Rating Lowered by Wall Street Zen

Cool (NYSE:CLCO) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Separately, B. Riley downgraded Cool from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Cool Trading Up 0.1%

Shares of NYSE CLCO opened at $9.27 on Friday. The company has a market cap of $497.53 million, a price-to-earnings ratio of 13.63 and a beta of 0.61. Cool has a 12-month low of $4.51 and a 12-month high of $11.71. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 1.68. The stock’s 50 day simple moving average is $7.64 and its 200 day simple moving average is $6.67.

Institutional Trading of Cool

A hedge fund recently bought a new stake in Cool stock. ABC Arbitrage SA bought a new stake in shares of Cool Company Ltd. (NYSE:CLCO) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,084 shares of the company’s stock, valued at approximately $82,000. Institutional investors own 20.66% of the company’s stock.

About Cool

Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties.