Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) saw an uptick in trading volume on Friday . 224,839 shares changed hands during mid-day trading, a decline of 4% from the previous session's volume of 233,363 shares.The stock last traded at $23.66 and had previously closed at $22.05.
Okeanis Eco Tankers Stock Up 9.6 %
The company has a market capitalization of $777.71 million and a price-to-earnings ratio of 6.66. 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 business's 50 day moving average is $22.08 and its 200 day moving average is $28.11.
Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.09 by $0.36. Okeanis Eco Tankers had a net margin of 29.25% and a return on equity of 27.19%. The business had revenue of $84.93 million during the quarter, compared to the consensus estimate of $74.61 million. Sell-side analysts anticipate that Okeanis Eco Tankers Corp. will post 3.19 earnings per share for the current year.
Okeanis Eco Tankers Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, November 18th. This represents a $1.80 annualized dividend and a yield of 7.45%. Okeanis Eco Tankers's payout ratio is presently 48.48%.
Hedge Funds Weigh In On Okeanis Eco Tankers
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in shares of Okeanis Eco Tankers in the 3rd quarter valued at about $206,000. Marshall Wace LLP purchased a new position in Okeanis Eco Tankers during the second quarter valued at approximately $247,000. BBR Partners LLC acquired a new position in Okeanis Eco Tankers in the third quarter valued at approximately $326,000. Acadian Asset Management LLC purchased a new stake in Okeanis Eco Tankers in the 2nd quarter worth approximately $370,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Okeanis Eco Tankers in the 3rd quarter worth approximately $383,000.
About Okeanis Eco Tankers
(
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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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