Robin Energy (NASDAQ:RBNE) Shares Down 2.2% – Time to Sell?
by Teresa Graham · The Cerbat GemRobin Energy Ltd. (NASDAQ:RBNE – Get Free Report) fell 2.2% during trading on Tuesday . The stock traded as low as $1.76 and last traded at $1.79. 454,616 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 4,984,139 shares. The stock had previously closed at $1.83.
Wall Street Analysts Forecast Growth
RBNE has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Robin Energy in a research note on Friday, April 10th. Wall Street Zen lowered shares of Robin Energy from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.
View Our Latest Analysis on RBNE
Robin Energy Stock Up 4.7%
The firm has a market cap of $13.97 million and a price-to-earnings ratio of 5.85. The business has a 50 day moving average price of $2.69 and a 200-day moving average price of $3.98.
Institutional Trading of Robin Energy
A number of hedge funds have recently made changes to their positions in RBNE. Kitching Partners LLC purchased a new position in shares of Robin Energy in the third quarter valued at $27,000. Virtu Financial LLC purchased a new stake in Robin Energy during the 3rd quarter worth $28,000. Two Sigma Investments LP purchased a new stake in Robin Energy during the 3rd quarter worth $51,000. Connective Capital Management LLC acquired a new position in Robin Energy in the 3rd quarter worth $78,000. Finally, Empery Asset Management LP acquired a new position in Robin Energy in the 4th quarter worth $882,000.
Robin Energy Company Profile
Robin Energy Ltd. operates as a holding company that provides tanker vessel services. The company was founded by Petros Panagiotidis on September 24, 2024 and is headquartered in Limassol, Cyrus.