Ardmore Shipping (ASC) to Release Quarterly Earnings on Thursday

Ardmore Shipping (NYSE:ASC - Get Free Report) is expected to announce its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.33 per share for the quarter.

Ardmore Shipping Price Performance

NYSE ASC traded down $0.06 during trading hours on Friday, reaching $11.58. 465,752 shares of the company's stock were exchanged, compared to its average volume of 715,677. The firm has a fifty day moving average of $11.88 and a 200-day moving average of $15.06. The company has a current ratio of 3.57, a quick ratio of 3.26 and a debt-to-equity ratio of 0.03. Ardmore Shipping has a one year low of $10.86 and a one year high of $23.44. The stock has a market cap of $484.51 million, a PE ratio of 3.24 and a beta of 0.25.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Jefferies Financial Group cut their price target on Ardmore Shipping from $20.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Stifel Nicolaus downgraded shares of Ardmore Shipping from a "buy" rating to a "hold" rating and dropped their target price for the stock from $24.00 to $17.00 in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $20.00.

Ardmore Shipping Company Profile

Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 22 owned vessels including 21 Eco-design and 1 Eco-mod vessel, and four chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers.