TORM plc (NASDAQ:TRMD – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $34.79, but opened at $35.80. TORM shares last traded at $36.10, with a volume of 260,666 shares changing hands.
TORM Price Performance
The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.37 and a current ratio of 2.60. The stock’s 50-day moving average is $34.25 and its 200 day moving average is $31.89. The stock has a market capitalization of $2.88 billion, a PE ratio of 4.74 and a beta of 0.15.
TORM (NASDAQ:TRMD – Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported $1.56 earnings per share (EPS) for the quarter. TORM had a net margin of 42.64% and a return on equity of 36.99%. The company had revenue of $387.78 million for the quarter.
TORM Cuts Dividend
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Creekmur Asset Management LLC purchased a new position in TORM during the 4th quarter worth $27,000. PSI Advisors LLC acquired a new stake in shares of TORM in the 4th quarter worth $30,000. Scarborough Advisors LLC acquired a new stake in shares of TORM in the 4th quarter worth $37,000. Optimum Investment Advisors lifted its stake in shares of TORM by 200.0% in the 4th quarter. Optimum Investment Advisors now owns 1,500 shares of the company’s stock worth $46,000 after acquiring an additional 1,000 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of TORM by 575.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,919 shares of the company’s stock worth $58,000 after acquiring an additional 1,635 shares during the period. 73.89% of the stock is owned by hedge funds and other institutional investors.
About TORM
TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two operating segments, Tanker and Marine Exhaust. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil.
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