Okeanis Eco Tankers (NYSE:ECO) Hits New 12-Month Low - Here's What Happened

Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) shares hit a new 52-week low during trading on Saturday . The stock traded as low as $18.15 and last traded at $18.58, with a volume of 403929 shares. The stock had previously closed at $20.82.

Analyst Upgrades and Downgrades

Separately, B. Riley dropped their price target on Okeanis Eco Tankers from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th.

Okeanis Eco Tankers Trading Down 3.6 %

The firm has a market cap of $622.25 million, a P/E ratio of 5.72 and a beta of 0.04. The business's 50-day moving average is $22.23 and its two-hundred day moving average is $24.26. The company has a current ratio of 1.64, a quick ratio of 1.34 and a debt-to-equity ratio of 1.46.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.22 by $0.19. Okeanis Eco Tankers had a return on equity of 25.40% and a net margin of 27.68%. The company had revenue of $85.19 million during the quarter, compared to analyst estimates of $82.46 million. As a group, analysts expect that Okeanis Eco Tankers Corp. will post 1.34 earnings per share for the current fiscal year.

Okeanis Eco Tankers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 7.24%. The ex-dividend date was Monday, March 3rd. Okeanis Eco Tankers's dividend payout ratio (DPR) is 41.42%.

Institutional Trading of Okeanis Eco Tankers

A number of large investors have recently modified their holdings of ECO. Wells Fargo & Company MN bought a new position in Okeanis Eco Tankers in the 4th quarter worth about $78,000. Jane Street Group LLC bought a new position in Okeanis Eco Tankers in the 3rd quarter worth approximately $206,000. B. Riley Wealth Advisors Inc. acquired a new stake in Okeanis Eco Tankers in the 4th quarter valued at approximately $213,000. Aristides Capital LLC bought a new stake in Okeanis Eco Tankers during the 4th quarter valued at $227,000. Finally, Citadel Advisors LLC boosted its position in Okeanis Eco Tankers by 21.7% during the 4th quarter. Citadel Advisors LLC now owns 13,108 shares of the company's stock worth $279,000 after acquiring an additional 2,340 shares during the period.

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.