Somewhat Positive News Coverage Very Likely to Affect Ardmore Shipping Corp (ASC) Stock Price
Media coverage about Ardmore Shipping Corp (NYSE:ASC) has been trending somewhat positive recently, AlphaOne reports. The research group, a division of Accern, identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ardmore Shipping Corp earned a coverage optimism score of 0.07 on AlphaOne’s scale. AlphaOne also gave media headlines about the shipping company an impact score of 81 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the next few days.
Several research analysts have issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of Ardmore Shipping Corp in a report on Monday, April 24th. Zacks Investment Research cut Ardmore Shipping Corp from a “hold” rating to a “sell” rating in a report on Tuesday, March 21st. Finally, ABN Amro raised Ardmore Shipping Corp from a “hold” rating to a “buy” rating and set a $11.50 price target on the stock in a report on Monday, March 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.13.
Ardmore Shipping Corp (NYSE:ASC) traded up 1.30% during trading on Friday, hitting $7.80. 18,463 shares of the stock traded hands. Ardmore Shipping Corp has a one year low of $5.00 and a one year high of $9.93. The company’s 50 day moving average is $7.74 and its 200 day moving average is $7.23. The company’s market capitalization is $261.89 million.
Ardmore Shipping Corp (NYSE:ASC) last announced its quarterly earnings data on Wednesday, May 3rd. The shipping company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. Ardmore Shipping Corp had a net margin of 2.28% and a return on equity of 1.64%. The company had revenue of $49.67 million during the quarter, compared to the consensus estimate of $30.75 million. During the same quarter last year, the firm posted $0.26 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. On average, equities analysts forecast that Ardmore Shipping Corp will post ($0.01) EPS for the current fiscal year.
About Ardmore Shipping Corp
Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The Company’s segment relates to the operations of its vessels. The Company’s fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation.
Receive News & Stock Ratings for Ardmore Shipping Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ardmore Shipping Corp and related stocks with our FREE daily email newsletter.