StealthGas (NASDAQ:GASS) Shares Cross Above 200 Day Moving Average – What’s Next?

StealthGas, Inc. (NASDAQ:GASS) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.48 and traded as high as $9.26. StealthGas shares last traded at $9.01, with a volume of 109,744 shares.

Analyst Ratings Changes

Separately, Wall Street Zen raised StealthGas from a “hold” rating to a “buy” rating in a research note on Sunday, December 28th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, StealthGas has an average rating of “Buy”.

StealthGas Stock Performance

The firm has a 50-day moving average price of $8.64 and a 200-day moving average price of $7.51. The stock has a market cap of $348.19 million, a PE ratio of 5.71 and a beta of 0.20.

StealthGas (NASDAQ:GASS) last issued its earnings results on Monday, March 2nd. The shipping company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. StealthGas had a net margin of 35.03% and a return on equity of 9.08%. The business had revenue of $39.37 million during the quarter, compared to analysts’ expectations of $39.80 million.

Institutional Trading of StealthGas

Several institutional investors have recently added to or reduced their stakes in the business. LOM Asset Management Ltd purchased a new position in shares of StealthGas in the fourth quarter worth $35,000. Royal Bank of Canada boosted its position in shares of StealthGas by 343.3% during the fourth quarter. Royal Bank of Canada now owns 5,063 shares of the shipping company’s stock valued at $36,000 after buying an additional 3,921 shares during the last quarter. Bank of America Corp DE increased its holdings in StealthGas by 701.2% in the 4th quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock worth $58,000 after buying an additional 8,982 shares in the last quarter. Lazard Asset Management LLC bought a new stake in StealthGas in the 4th quarter worth about $78,000. Finally, XTX Topco Ltd purchased a new position in StealthGas in the 4th quarter worth about $79,000. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

StealthGas Company Profile

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.