Somewhat Favorable News Coverage Somewhat Unlikely to Impact Ardmore Shipping (ASC) Share Price
Press coverage about Ardmore Shipping (NYSE:ASC) has been trending somewhat positive on Wednesday, Accern reports. The research group scores the sentiment of media coverage by reviewing 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 closest to one being the most favorable. Ardmore Shipping earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 45.5910405805184 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities analysts recently weighed in on ASC shares. Stifel Nicolaus set a $9.00 price objective on shares of Ardmore Shipping and gave the stock a “buy” rating in a report on Wednesday, January 24th. Seaport Global Securities set a $12.00 price objective on shares of Ardmore Shipping and gave the stock a “buy” rating in a report on Thursday, January 4th. Jefferies Group started coverage on shares of Ardmore Shipping in a report on Monday, December 18th. They issued a “buy” rating and a $11.00 price objective for the company. Zacks Investment Research lowered shares of Ardmore Shipping from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Finally, ValuEngine lowered shares of Ardmore Shipping from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Ardmore Shipping has an average rating of “Hold” and a consensus price target of $10.10.
Shares of Ardmore Shipping (ASC) traded down $0.03 during midday trading on Wednesday, reaching $7.87. 12,012 shares of the company were exchanged, compared to its average volume of 242,032. Ardmore Shipping has a 52 week low of $6.40 and a 52 week high of $9.05. The stock has a market cap of $265.25, a price-to-earnings ratio of -20.71 and a beta of 0.98. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.27 and a current ratio of 1.44.
About Ardmore Shipping
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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