Ardmore Shipping Corporation (NYSE:ASC) Receiving Somewhat Favorable Press Coverage, Study Finds
Media coverage about Ardmore Shipping Corporation (NYSE:ASC) has trended somewhat positive on Monday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ardmore Shipping Corporation earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news articles about the shipping company an impact score of 47.3847087056862 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
- What Do The Technicals Boil Down To For Ardmore Shipping Corp (ASC)? – Stock Press Daily (stockpressdaily.com)
- Ardmore Shipping Corporation (ASC) is at $7.20 per share and … – Stocks Gallery (stocksgallery.com)
- Ardmore Shipping Corporation (NYSE:ASC) Stock Traded Well Below Its 50 Day Moving Average – Modern Readers (modernreaders.com)
- Ardmore Shipping Corporation (NYSE:ASC) Traded -8.7% Below Its 50 Day Average – First News 24 (firstnewspaper24.com)
- Ardmore Shipping Corporation (NYSE:ASC) Lowered to “Sell” at ValuEngine (americanbankingnews.com)
A number of analysts have recently issued reports on ASC shares. ValuEngine raised Ardmore Shipping Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. TheStreet lowered Ardmore Shipping Corporation from a “c-” rating to a “d” rating in a research report on Wednesday, May 24th. BidaskClub lowered Ardmore Shipping Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $10.00 target price on shares of Ardmore Shipping Corporation in a research report on Friday, July 7th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Ardmore Shipping Corporation in a research report on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $9.88.
Shares of Ardmore Shipping Corporation (NYSE ASC) opened at 7.25 on Monday. Ardmore Shipping Corporation has a one year low of $5.00 and a one year high of $8.75. The company has a 50-day moving average price of $7.91 and a 200 day moving average price of $7.59. The company’s market capitalization is $243.42 million.
Ardmore Shipping Corporation (NYSE:ASC) last posted its quarterly earnings results on Thursday, August 3rd. The shipping company reported ($0.06) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). Ardmore Shipping Corporation had a negative net margin of 6.92% and a negative return on equity of 2.35%. The firm had revenue of $49.85 million during the quarter, compared to analyst estimates of $31.73 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. The company’s quarterly revenue was up 25.5% compared to the same quarter last year. On average, analysts forecast that Ardmore Shipping Corporation will post ($0.17) EPS for the current fiscal year.
About Ardmore Shipping Corporation
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.
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