Hafnia (NYSE:HAFN) Trading Down 4.6% – Should You Sell?

Shares of Hafnia Limited (NYSE:HAFN) fell 4.6% on Wednesday . The stock traded as low as $7.85 and last traded at $7.8150. Approximately 324,012 shares were traded during mid-day trading, a decline of 80% from the average session volume of 1,640,697 shares. The stock had previously closed at $8.19.

Wall Street Analyst Weigh In

Several equities analysts have commented on HAFN shares. Pareto Securities lowered Hafnia to a “hold” rating in a research report on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hafnia in a research report on Monday, August 3rd. Finally, Wall Street Zen lowered shares of Hafnia from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Hafnia has an average rating of “Moderate Buy”.

Hafnia Stock Down 4.5%

The company has a quick ratio of 1.48, a current ratio of 1.60 and a debt-to-equity ratio of 0.31. The company’s fifty day moving average price is $7.44 and its 200-day moving average price is $7.65. The stock has a market capitalization of $4.01 billion, a PE ratio of 8.55 and a beta of 0.63.

Hafnia (NYSE:HAFN) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.36 earnings per share for the quarter. Hafnia had a return on equity of 19.20% and a net margin of 44.74%.The company had revenue of $688.87 million for the quarter.

Institutional Investors Weigh In On Hafnia

A number of institutional investors have recently modified their holdings of HAFN. TD Waterhouse Canada Inc. raised its position in shares of Hafnia by 9.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 89,597 shares of the company’s stock worth $588,000 after purchasing an additional 7,782 shares during the last quarter. BTG Pactual Asset Management US LLC bought a new position in Hafnia in the 2nd quarter worth about $1,719,000. Public Employees Retirement System of Ohio purchased a new stake in Hafnia during the 2nd quarter valued at about $2,307,000. Shariaportfolio Inc. purchased a new stake in Hafnia during the 1st quarter valued at about $273,000. Finally, Segall Bryant & Hamill LLC bought a new stake in Hafnia during the 1st quarter valued at about $1,859,000.

Hafnia Company Profile

Hafnia is a global shipping company listed on the New York Stock Exchange under the ticker HAFN. The firm specializes in the marine transportation of refined petroleum products, providing safe and reliable shipping solutions across key global trade lanes. Its core operations focus on the carriage of gasoline, diesel, jet fuel and other clean petroleum products, catering to the needs of oil majors, trading houses and independent refiners.

The company operates a modern fleet of double-hulled product tankers, managed to comply with stringent safety and environmental standards.