Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 61,226 shares changed hands during mid-day trading, a decline of 11% from the previous session's volume of 68,817 shares.The stock last traded at $24.62 and had previously closed at $25.82.
Okeanis Eco Tankers Stock Performance
The company has a market cap of $763.32 million and a PE ratio of 6.53. The firm's fifty day moving average is $31.08 and its 200 day moving average is $31.70. The company has a current ratio of 1.48, a quick ratio of 1.23 and a debt-to-equity ratio of 1.37.
Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last released its earnings results on Friday, August 9th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.33. Okeanis Eco Tankers had a net margin of 30.17% and a return on equity of 28.35%. The business had revenue of $111.99 million during the quarter, compared to analyst estimates of $100.71 million. As a group, research analysts predict that Okeanis Eco Tankers Corp. will post 3.52 EPS for the current fiscal year.
Okeanis Eco Tankers Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 18.56%. The ex-dividend date was Wednesday, August 21st. Okeanis Eco Tankers's payout ratio is 48.48%.
Institutional Investors Weigh In On Okeanis Eco Tankers
A number of large investors have recently modified their holdings of the business. Hsbc Holdings PLC grew its holdings in shares of Okeanis Eco Tankers by 123.9% during the second 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 in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of Okeanis Eco Tankers during the second quarter worth $2,086,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Okeanis Eco Tankers during the second quarter worth $1,767,000. Acadian Asset Management LLC purchased a new stake in shares of Okeanis Eco Tankers during the second quarter worth $370,000. Finally, Marshall Wace LLP acquired a new position in shares of Okeanis Eco Tankers during the 2nd quarter valued at about $247,000.
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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