Toro (NASDAQ:TORO) Posts Quarterly Earnings Results
by Teresa Graham · The Cerbat GemToro (NASDAQ:TORO – Get Free Report) issued its earnings results on Wednesday. The company reported $0.03 EPS for the quarter, FiscalAI reports. Toro had a net margin of 26.12% and a return on equity of 2.61%. The company had revenue of $6.11 million for the quarter.
Toro Trading Down 0.3%
Toro stock opened at $3.90 on Wednesday. Toro has a 12-month low of $1.70 and a 12-month high of $6.15. The firm has a 50 day moving average of $3.70 and a 200 day moving average of $4.18. The firm has a market capitalization of $83.73 million, a price-to-earnings ratio of 97.52 and a beta of 1.21.
Hedge Funds Weigh In On Toro
Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in shares of Toro by 19.2% during the 4th quarter. Renaissance Technologies LLC now owns 186,700 shares of the company’s stock valued at $986,000 after acquiring an additional 30,100 shares during the last quarter. Founders Capital Management lifted its position in Toro by 28.6% in the fourth quarter. Founders Capital Management now owns 9,000 shares of the company’s stock worth $48,000 after buying an additional 2,000 shares during the last quarter. Citadel Advisors LLC purchased a new position in Toro during the third quarter worth $79,000. Finally, Group One Trading LLC bought a new position in Toro during the third quarter valued at $70,000. Hedge funds and other institutional investors own 1.74% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Toro in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Toro presently has an average rating of “Sell”.
Check Out Our Latest Research Report on TORO
Toro Company Profile
Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.