Toro (NASDAQ:TORO) Issues Earnings Results

Toro (NASDAQ:TORO) issued its quarterly earnings data on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Toro had a return on equity of 2.46% and a net margin of 24.65%.

Toro Stock Up 28.5%

TORO traded up $1.18 during trading on Friday, reaching $5.31. The stock had a trading volume of 9,582,548 shares, compared to its average volume of 152,041. The stock has a 50 day moving average of $3.88 and a two-hundred day moving average of $3.03. The firm has a market capitalization of $113.94 million, a price-to-earnings ratio of 268.23 and a beta of 1.28. Toro has a 1-year low of $1.70 and a 1-year high of $5.78.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Toro stock. Group One Trading LLC acquired a new stake in shares of Toro Corp. (NASDAQ:TORO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 22,265 shares of the company’s stock, valued at approximately $70,000. Group One Trading LLC owned approximately 0.12% of Toro at the end of the most recent quarter. 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 research note on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Toro

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.