StealthGas (NASDAQ:GASS) Shares Cross Above 200 Day Moving Average – Should You Sell?
by Amy Steele · The Cerbat GemStealthGas, Inc. (NASDAQ:GASS – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.90 and traded as high as $9.98. StealthGas shares last traded at $9.95, with a volume of 116,195 shares trading hands.
StealthGas Stock Up 1.2%
The company has a market cap of $377.83 million, a P/E ratio of 6.14 and a beta of 0.25. The stock’s 50-day moving average price is $9.28 and its 200 day moving average price is $7.90.
StealthGas (NASDAQ:GASS – Get Free Report) last announced its earnings results on Monday, March 2nd. The shipping company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $39.80 million.
Hedge Funds Weigh In On StealthGas
Institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC bought a new position in StealthGas during the fourth quarter worth $113,000. IHT Wealth Management LLC increased its position in StealthGas by 60.0% during the fourth quarter. IHT Wealth Management LLC now owns 16,000 shares of the shipping company’s stock worth $112,000 after acquiring an additional 6,000 shares during the period. XTX Topco Ltd bought a new position in StealthGas during the fourth quarter worth $79,000. Lazard Asset Management LLC bought a new position in StealthGas during the fourth quarter worth $78,000. Finally, Bank of America Corp DE increased its position in StealthGas by 701.2% during the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock worth $58,000 after acquiring an additional 8,982 shares during the period. Institutional investors own 66.32% of the company’s stock.
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.