Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) saw unusually-high trading volume on Friday . Approximately 54,837 shares were traded during mid-day trading, a decline of 30% from the previous session's volume of 77,991 shares.The stock last traded at $22.08 and had previously closed at $22.08.
Okeanis Eco Tankers Stock Performance
The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.34 and a current ratio of 1.69. The firm's fifty day moving average price is $28.62 and its 200 day moving average price is $30.79. The firm has a market cap of $714.06 million and a P/E ratio of 6.11.
Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last announced its earnings results on Friday, November 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.36. The business had revenue of $84.93 million for the quarter, compared to analysts' expectations of $74.61 million. Okeanis Eco Tankers had a return on equity of 27.19% and a net margin of 29.25%. Sell-side analysts expect that Okeanis Eco Tankers Corp. will post 3.19 EPS for the current fiscal year.
Okeanis Eco Tankers Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.12%. The ex-dividend date is Monday, November 18th. Okeanis Eco Tankers's payout ratio is currently 48.48%.
Institutional Trading of Okeanis Eco Tankers
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wexford Capital LP boosted its stake in Okeanis Eco Tankers by 7.1% in the 3rd quarter. Wexford Capital LP now owns 22,204 shares of the company's stock worth $728,000 after purchasing an additional 1,472 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Okeanis Eco Tankers in the third quarter worth $206,000. Marshall Wace LLP acquired a new stake in shares of Okeanis Eco Tankers during the second quarter worth $247,000. PDT Partners LLC grew its holdings in shares of Okeanis Eco Tankers by 61.5% during the third quarter. PDT Partners LLC now owns 20,254 shares of the company's stock valued at $663,000 after buying an additional 7,715 shares during the last quarter. Finally, BBR Partners LLC acquired a new position in shares of Okeanis Eco Tankers in the 3rd quarter valued at $326,000.
Okeanis Eco Tankers Company Profile
(
Get Free Report)
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.
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