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

StealthGas, Inc. (NASDAQ:GASS)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.58 and traded as high as $9.76. StealthGas shares last traded at $9.47, with a volume of 101,355 shares changing hands.

Wall Street Analyst Weigh In

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

StealthGas Stock Performance

The business’s 50 day simple moving average is $8.79 and its 200-day simple moving average is $7.58. The company has a market cap of $351.91 million, a price-to-earnings ratio of 5.77 and a beta of 0.20.

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

Institutional Investors Weigh In On StealthGas

A number of institutional investors have recently modified their holdings of GASS. Towerview LLC boosted its stake 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 valued at $21,534,000 after buying an additional 160,000 shares during the period. Kestra Advisory Services LLC bought a new position in shares of StealthGas during the 4th quarter valued at $552,000. Two Sigma Investments LP raised its holdings in shares of StealthGas by 31.3% during the 3rd quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock valued at $1,554,000 after purchasing an additional 56,493 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of StealthGas by 51.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 153,211 shares of the shipping company’s stock valued at $1,076,000 after purchasing an additional 51,920 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of StealthGas by 21.4% during the 3rd quarter. UBS Group AG now owns 260,133 shares of the shipping company’s stock valued at $1,704,000 after purchasing an additional 45,846 shares in the last quarter. Institutional investors and hedge funds 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.