StealthGas (NASDAQ:GASS) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

StealthGas, Inc. (NASDAQ:GASS)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.07 and traded as high as $7.91. StealthGas shares last traded at $7.86, with a volume of 69,638 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of StealthGas from a “hold” rating to a “buy” rating in a research note on Sunday, December 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

StealthGas Stock Performance

The stock’s 50-day moving average price is $7.47 and its 200-day moving average price is $7.07. The company has a market capitalization of $292.09 million, a price-to-earnings ratio of 4.68 and a beta of 0.24.

StealthGas (NASDAQ:GASS) last released 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. The firm had revenue of $44.53 million during the quarter, compared to the consensus estimate of $39.20 million. StealthGas had a return on equity of 9.62% and a net margin of 35.02%.During the same period last year, the business posted $0.33 EPS.

Institutional Trading of StealthGas

Several institutional investors and hedge funds have recently modified their holdings of GASS. LOM Asset Management Ltd purchased a new position in shares of StealthGas during the 4th quarter worth approximately $35,000. Bank of America Corp DE grew its holdings in StealthGas by 701.2% during the 4th quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock valued at $58,000 after buying an additional 8,982 shares during the last quarter. Nipun Capital L.P. purchased a new position in StealthGas during the second quarter worth $90,000. Jane Street Group LLC purchased a new position in StealthGas during the second quarter worth $91,000. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of StealthGas in the second quarter worth $103,000. 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.