Shares of Imperial Petroleum Inc. (NASDAQ:IMPP - Get Free Report) traded up 1.7% during mid-day trading on Wednesday . The stock traded as high as $3.75 and last traded at $3.66. 140,748 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 169,309 shares. The stock had previously closed at $3.60.
Imperial Petroleum Stock Up 0.3 %
The stock's 50-day simple moving average is $3.97 and its 200 day simple moving average is $3.87. The firm has a market cap of $109.40 million, a P/E ratio of 2.98 and a beta of 1.21.
Imperial Petroleum (NASDAQ:IMPP - Get Free Report) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.64 earnings per share (EPS) for the quarter. Imperial Petroleum had a return on equity of 16.33% and a net margin of 37.13%. The company had revenue of $47.04 million for the quarter.
Institutional Investors Weigh In On Imperial Petroleum
Several hedge funds and other institutional investors have recently bought and sold shares of IMPP. Deuterium Capital Management LLC lifted its holdings in shares of Imperial Petroleum by 174.4% in the 1st quarter. Deuterium Capital Management LLC now owns 398,396 shares of the company's stock worth $1,247,000 after purchasing an additional 253,230 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Imperial Petroleum in the second quarter valued at $48,000. PEAK6 Investments LLC acquired a new position in shares of Imperial Petroleum during the first quarter valued at about $108,000. Cubist Systematic Strategies LLC bought a new stake in shares of Imperial Petroleum during the second quarter worth about $119,000. Finally, Privium Fund Management UK Ltd raised its holdings in shares of Imperial Petroleum by 95.3% in the 2nd quarter. Privium Fund Management UK Ltd now owns 89,757 shares of the company's stock worth $337,000 after acquiring an additional 43,796 shares during the last quarter. 94.44% of the stock is owned by institutional investors.
About Imperial Petroleum
(
Get Free Report)
Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.
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