Somewhat Positive News Coverage Somewhat Unlikely to Affect Ardmore Shipping (ASC) Share Price

Media coverage about Ardmore Shipping (NYSE:ASC) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, 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 media coverage about the shipping company an impact score of 46.3672462099643 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

A number of equities research analysts have recently commented on the company. Stifel Nicolaus set a $9.00 target price on Ardmore Shipping and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Seaport Global Securities set a $12.00 target price on Ardmore Shipping and gave the stock a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research cut Ardmore Shipping from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Jefferies Group assumed coverage on Ardmore Shipping in a research note on Monday, December 18th. They issued a “buy” rating and a $11.00 target price on the stock. Finally, ValuEngine cut Ardmore Shipping from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.10.

ASC stock traded up $0.05 during trading on Wednesday, hitting $8.00. The company had a trading volume of 122,492 shares, compared to its average volume of 237,593. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.44 and a quick ratio of 1.27. Ardmore Shipping has a 12 month low of $6.40 and a 12 month high of $9.05. The stock has a market capitalization of $268.61, a PE ratio of -21.05 and a beta of 0.98.

Ardmore Shipping (NYSE:ASC) last released its quarterly earnings data on Wednesday, February 7th. The shipping company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.03. Ardmore Shipping had a negative return on equity of 3.16% and a negative net margin of 6.37%. The company had revenue of $30.23 million for the quarter, compared to analysts’ expectations of $30.24 million. During the same period last year, the firm posted ($0.11) earnings per share. Ardmore Shipping’s revenue was up 1.4% compared to the same quarter last year. research analysts anticipate that Ardmore Shipping will post 0.1 earnings per share for the current fiscal year.

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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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