Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 59,200 shares were traded during mid-day trading, a decline of 32% from the previous session's volume of 86,761 shares.The stock last traded at $19.51 and had previously closed at $19.23.
Okeanis Eco Tankers Stock Down 0.4 %
The company has a market cap of $616.52 million and a PE ratio of 5.28. The business has a fifty day simple moving average of $25.20 and a two-hundred day simple moving average of $29.43. The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity 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 firm had revenue of $84.93 million for the quarter, compared to the consensus estimate of $74.61 million. Okeanis Eco Tankers had a net margin of 29.25% and a return on equity of 27.19%. As a group, equities research analysts predict that Okeanis Eco Tankers Corp. will post 3.19 earnings per share for the current year.
Okeanis Eco Tankers Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a $0.45 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.40%. Okeanis Eco Tankers's dividend payout ratio (DPR) is presently 48.48%.
Hedge Funds Weigh In On Okeanis Eco Tankers
A number of institutional investors have recently added to or reduced their stakes in ECO. Jane Street Group LLC purchased a new stake in Okeanis Eco Tankers in the 3rd quarter valued at $206,000. Marshall Wace LLP purchased a new stake in shares of Okeanis Eco Tankers in the second quarter valued at about $247,000. BBR Partners LLC acquired a new stake in Okeanis Eco Tankers during the third quarter worth about $326,000. Acadian Asset Management LLC acquired a new position in Okeanis Eco Tankers in the 2nd quarter valued at about $370,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Okeanis Eco Tankers in the 3rd quarter valued at about $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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