StealthGas (NASDAQ:GASS) Share Price Crosses Above 200 Day Moving Average – What’s Next?

StealthGas, Inc. (NASDAQ:GASS)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.92 and traded as high as $7.91. StealthGas shares last traded at $7.87, with a volume of 56,210 shares traded.

Analyst Ratings Changes

Several research firms have commented on GASS. Weiss Ratings reissued a “buy (b-)” rating on shares of StealthGas in a research report on Wednesday, October 8th. Wall Street Zen raised StealthGas from a “hold” rating to a “buy” rating in a research report on Sunday, December 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

StealthGas Trading Up 1.0%

The company has a market cap of $292.45 million, a P/E ratio of 4.68 and a beta of 0.22. The business’s fifty day moving average is $7.10 and its 200 day moving average is $6.92.

StealthGas (NASDAQ:GASS) last announced its quarterly earnings data on Tuesday, November 25th. The shipping company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.05. StealthGas had a return on equity of 9.62% and a net margin of 35.02%.The business had revenue of $44.53 million during the quarter, compared to analyst estimates of $39.20 million. During the same period in the prior year, the company earned $0.33 earnings per share.

Institutional Investors Weigh In On StealthGas

Several large investors have recently added to or reduced their stakes in GASS. Bank of America Corp DE boosted its position in StealthGas by 701.2% during the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock worth $58,000 after purchasing an additional 8,982 shares during the period. Nipun Capital L.P. purchased a new stake in shares of StealthGas during the 2nd quarter valued at approximately $90,000. Jane Street Group LLC bought a new position in StealthGas in the 2nd quarter worth approximately $91,000. TD Waterhouse Canada Inc. purchased a new position in StealthGas in the 2nd quarter valued at approximately $103,000. Finally, R Squared Ltd purchased a new position in StealthGas in the 2nd quarter valued at approximately $106,000. Hedge funds and other institutional investors own 66.32% of the company’s stock.

StealthGas Company Profile

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.