Shares of Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 53,659 shares changed hands during mid-day trading, a decline of 28% from the previous session's volume of 74,547 shares.The stock last traded at $24.14 and had previously closed at $23.21.
Okeanis Eco Tankers Price Performance
The stock has a market cap of $773.94 million and a P/E ratio of 6.70. The firm has a 50-day moving average price of $30.40 and a 200-day moving average price of $31.45. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.23 and a current ratio of 1.48.
Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.36. The company had revenue of $84.93 million for the quarter, compared to the consensus estimate of $74.61 million. Okeanis Eco Tankers had a return on equity of 27.00% and a net margin of 29.25%. On average, analysts forecast that Okeanis Eco Tankers Corp. will post 3.19 earnings per share for the current fiscal year.
Okeanis Eco Tankers Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be paid a $0.45 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.80 annualized dividend and a dividend yield of 7.49%. 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 stock. Hsbc Holdings PLC grew its stake in shares of Okeanis Eco Tankers by 123.9% in the 2nd quarter. Hsbc Holdings PLC now owns 178,056 shares of the company's stock worth $5,692,000 after buying an additional 98,528 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of Okeanis Eco Tankers in the 2nd quarter worth approximately $2,086,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Okeanis Eco Tankers in the 2nd quarter worth approximately $1,767,000. Quadrature Capital Ltd purchased a new stake in Okeanis Eco Tankers during the 3rd quarter valued at $1,169,000. Finally, Wexford Capital LP boosted its stake in Okeanis Eco Tankers by 7.1% during the 3rd quarter. Wexford Capital LP now owns 22,204 shares of the company's stock valued at $728,000 after purchasing an additional 1,472 shares during the last quarter.
About Okeanis Eco Tankers
(
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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