StockNews.com upgraded shares of StealthGas (NASDAQ:GASS - Free Report) from a hold rating to a strong-buy rating in a report released on Saturday morning.
StealthGas Stock Down 1.6 %
NASDAQ:GASS traded down $0.10 on Friday, hitting $6.12. The stock had a trading volume of 172,160 shares, compared to its average volume of 158,013. The company has a market cap of $221.19 million, a PE ratio of 4.31 and a beta of 0.80. StealthGas has a 52 week low of $4.69 and a 52 week high of $8.84. The business's fifty day moving average is $6.38 and its 200 day moving average is $6.58. The company has a quick ratio of 2.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.26.
Institutional Investors Weigh In On StealthGas
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. EntryPoint Capital LLC purchased a new stake in shares of StealthGas during the first quarter valued at approximately $62,000. Virtu Financial LLC bought a new stake in shares of StealthGas during the 1st quarter worth $64,000. Heron Bay Capital Management bought a new stake in shares of StealthGas during the 1st quarter worth $78,000. DGS Capital Management LLC purchased a new position in shares of StealthGas in the 1st quarter worth about $106,000. Finally, XTX Topco Ltd bought a new position in StealthGas during the second quarter valued at about $146,000. 66.32% of the stock is owned by hedge funds and other institutional investors.
About StealthGas
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StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.
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