Imperial Petroleum Inc. (NASDAQ:IMPP - Get Free Report) was down 1.9% during mid-day trading on Wednesday . The company traded as low as $2.50 and last traded at $2.52. Approximately 135,557 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 310,727 shares. The stock had previously closed at $2.57.
Imperial Petroleum Stock Down 2.7 %
The company has a market capitalization of $73.94 million, a price-to-earnings ratio of 1.73 and a beta of 1.13. The business has a 50-day moving average price of $2.68 and a 200-day moving average price of $3.19.
Imperial Petroleum (NASDAQ:IMPP - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.12 earnings per share (EPS) for the quarter. Imperial Petroleum had a return on equity of 17.50% and a net margin of 34.01%. The firm had revenue of $26.21 million for the quarter.
Institutional Investors Weigh In On Imperial Petroleum
Hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp acquired a new stake in Imperial Petroleum during the 4th quarter valued at $35,000. Walleye Capital LLC purchased a new position in shares of Imperial Petroleum during the fourth quarter valued at $75,000. PEAK6 LLC acquired a new position in Imperial Petroleum during the fourth quarter valued at $104,000. Squarepoint Ops LLC purchased a new stake in Imperial Petroleum in the 4th quarter worth about $147,000. Finally, Bank of America Corp DE lifted its stake in Imperial Petroleum by 36.2% in the 4th quarter. Bank of America Corp DE now owns 55,785 shares of the company's stock worth $168,000 after acquiring an additional 14,822 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.
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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