StealthGas (NASDAQ:GASS) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of StealthGas, Inc. (NASDAQ:GASS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.40 and traded as high as $9.43. StealthGas shares last traded at $9.09, with a volume of 164,678 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen raised StealthGas from a “hold” rating to a “buy” rating in a report on Sunday, December 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

StealthGas Trading Down 3.8%

The stock has a market capitalization of $337.78 million, a PE ratio of 5.54 and a beta of 0.22. The stock’s fifty day simple moving average is $8.42 and its 200-day simple moving average is $7.40.

StealthGas (NASDAQ:GASS) last posted its earnings results on Monday, March 2nd. The shipping company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. StealthGas had a net margin of 35.03% and a return on equity of 9.08%. The firm had revenue of $39.37 million during the quarter, compared to analyst estimates of $39.80 million.

Institutional Investors Weigh In On StealthGas

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Towerview LLC lifted its position in shares of StealthGas by 5.5% during the 4th quarter. Towerview LLC now owns 3,067,500 shares of the shipping company’s stock worth $21,534,000 after buying an additional 160,000 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of StealthGas during the fourth quarter valued at approximately $552,000. Two Sigma Investments LP increased its position in shares of StealthGas by 31.3% during the third quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock valued at $1,554,000 after acquiring an additional 56,493 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in StealthGas by 51.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 153,211 shares of the shipping company’s stock worth $1,076,000 after acquiring an additional 51,920 shares during the period. Finally, UBS Group AG lifted its holdings in StealthGas by 21.4% during the third quarter. UBS Group AG now owns 260,133 shares of the shipping company’s stock worth $1,704,000 after acquiring an additional 45,846 shares during the period. 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.