Okeanis Eco Tankers (NYSE:ECO) Sees Unusually-High Trading Volume – Should You Buy?

Okeanis Eco Tankers Corp. (NYSE:ECO) saw unusually-strong trading volume on Wednesday . Approximately 41,537 shares traded hands during mid-day trading, a decline of 50% from the previous session’s volume of 82,397 shares.The stock last traded at $20.39 and had previously closed at $20.85.

Okeanis Eco Tankers Price Performance

The firm has a 50-day moving average of $26.74 and a 200-day moving average of $30.01. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.34 and a current ratio of 1.69. The firm has a market capitalization of $617.73 million and a P/E ratio of 5.29.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.36. Okeanis Eco Tankers had a return on equity of 27.19% and a net margin of 29.25%. The firm had revenue of $84.93 million during the quarter, compared to analysts’ expectations of $74.61 million. As a group, analysts predict that Okeanis Eco Tankers Corp. will post 3.19 EPS for the current year.

Okeanis Eco Tankers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.38%. The ex-dividend date of this dividend was Monday, November 18th. Okeanis Eco Tankers’s payout ratio is presently 48.48%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in Okeanis Eco Tankers in the 3rd quarter worth approximately $206,000. Marshall Wace LLP purchased a new position in shares of Okeanis Eco Tankers in the 2nd quarter worth $247,000. BBR Partners LLC purchased a new position in shares of Okeanis Eco Tankers in the 3rd quarter worth $326,000. Acadian Asset Management LLC bought a new stake in shares of Okeanis Eco Tankers in the second quarter worth $370,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Okeanis Eco Tankers during the third quarter valued at $383,000.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.