Imperial Petroleum (NASDAQ:IMPP) Trading Up 4%

Imperial Petroleum Inc. (NASDAQ:IMPP) shares were up 4% during trading on Friday . The company traded as high as $3.93 and last traded at $3.92. Approximately 207,074 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 459,475 shares. The stock had previously closed at $3.77.

Imperial Petroleum Stock Up 4.0 %

The stock has a market cap of $116.87 million, a PE ratio of 2.80 and a beta of 1.19. The business has a 50 day moving average price of $3.81 and a 200 day moving average price of $3.58.

Institutional Trading of Imperial Petroleum

A number of hedge funds have recently modified their holdings of IMPP. Privium Fund Management UK Ltd purchased a new position in Imperial Petroleum during the fourth quarter worth approximately $27,000. Marshall Wace LLP purchased a new position in Imperial Petroleum during the second quarter worth approximately $48,000. PEAK6 Investments LLC purchased a new position in Imperial Petroleum during the first quarter worth approximately $108,000. Cubist Systematic Strategies LLC purchased a new position in Imperial Petroleum during the second quarter worth approximately $119,000. Finally, Deuterium Capital Management LLC boosted its position in Imperial Petroleum by 174.4% during the first quarter. Deuterium Capital Management LLC now owns 398,396 shares of the company’s stock worth $1,247,000 after purchasing an additional 253,230 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Imperial Petroleum Company Profile

Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.