Shares of Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $22.53, but opened at $21.44. Okeanis Eco Tankers shares last traded at $21.74, with a volume of 79,718 shares traded.
Okeanis Eco Tankers Stock Down 2.0 %
The business has a 50-day moving average of $22.30 and a 200 day moving average of $28.25. The company has a market capitalization of $711.17 million and a PE ratio of 6.09. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.69 and a quick ratio of 1.34.
Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.36. Okeanis Eco Tankers had a return on equity of 27.19% and a net margin of 29.25%. The business had revenue of $84.93 million for the quarter, compared to analysts' expectations of $74.61 million. 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 announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.15%. The ex-dividend date of this dividend was Monday, November 18th. Okeanis Eco Tankers's dividend payout ratio is currently 48.48%.
Institutional Investors Weigh In On Okeanis Eco Tankers
Several institutional investors have recently made changes to their positions in ECO. Public Employees Retirement System of Ohio purchased a new stake in Okeanis Eco Tankers in the third quarter worth $383,000. Jane Street Group LLC purchased a new position in Okeanis Eco Tankers in the 3rd quarter worth about $206,000. Wexford Capital LP lifted its holdings 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 buying an additional 1,472 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Okeanis Eco Tankers during the 3rd quarter valued at about $1,169,000. Finally, PDT Partners LLC boosted its position in Okeanis Eco Tankers by 61.5% in the 3rd 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 period.
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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