Toro (NASDAQ:TORO) Trading 2.3% Higher

Shares of Toro Corp. (NASDAQ:TORO) rose 2.3% during trading on Tuesday . The company traded as high as $5.02 and last traded at $4.80. Approximately 43,337 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 52,056 shares. The stock had previously closed at $4.69.

Toro Stock Performance

The firm has a market cap of $91.09 million and a price-to-earnings ratio of 1.83. The stock has a 50 day moving average of $5.69 and a 200 day moving average of $5.13. The company has a quick ratio of 20.98, a current ratio of 21.01 and a debt-to-equity ratio of 0.02.

Toro (NASDAQ:TORO) last posted its quarterly earnings results on Monday, February 12th. The company reported $0.16 EPS for the quarter. The business had revenue of $11.92 million during the quarter. Toro had a return on equity of 66.54% and a net margin of 179.23%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Founders Capital Management bought a new position in Toro in the 3rd quarter valued at $41,000. Privium Fund Management UK Ltd bought a new position in shares of Toro during the 3rd quarter worth $86,000. Invesco Ltd. bought a new position in shares of Toro during the 3rd quarter worth $133,000. Finally, Acadian Asset Management LLC bought a new position in Toro in the 3rd quarter worth about $822,000. Institutional investors and hedge funds own 1.74% of the company’s stock.

Toro Company Profile

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.