StealthGas (NASDAQ:GASS) Shares Cross Above 200-Day Moving Average – Here’s Why

StealthGas, Inc. (NASDAQ:GASS)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.57 and traded as high as $9.90. StealthGas shares last traded at $9.23, with a volume of 157,723 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of StealthGas from a “hold” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, StealthGas has a consensus rating of “Buy”.

StealthGas Stock Performance

The company’s 50-day moving average is $9.58 and its 200 day moving average is $8.60. The company has a market capitalization of $314.42 million, a PE ratio of 4.99 and a beta of 0.21.

StealthGas (NASDAQ:GASS) last announced its quarterly earnings data on Friday, June 5th. The shipping company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. StealthGas had a net margin of 35.91% and a return on equity of 8.72%. The company had revenue of $42.84 million for the quarter, compared to the consensus estimate of $38.40 million.

Institutional Trading of StealthGas

Several institutional investors have recently bought and sold shares of the company. Towerview LLC grew its position in StealthGas by 5.5% during the 4th quarter. Towerview LLC now owns 3,067,500 shares of the shipping company’s stock valued at $21,534,000 after purchasing an additional 160,000 shares during the last quarter. Renaissance Technologies LLC lifted its stake in StealthGas by 0.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,032,631 shares of the shipping company’s stock valued at $18,660,000 after acquiring an additional 17,100 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in StealthGas by 2.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 514,871 shares of the shipping company’s stock valued at $4,727,000 after acquiring an additional 12,142 shares during the period. UBS Group AG lifted its stake in StealthGas by 21.4% during the 3rd quarter. UBS Group AG now owns 260,133 shares of the shipping company’s stock valued at $1,704,000 after acquiring an additional 45,846 shares during the period. Finally, Two Sigma Investments LP lifted its stake in StealthGas by 31.3% during the 3rd quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock valued at $1,554,000 after acquiring an additional 56,493 shares during the period. 66.32% of the stock is owned by hedge funds and other institutional investors.

StealthGas Company Profile

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.