Toro (NASDAQ:TORO) Trading Up 1.3% – Here’s Why

Shares of Toro Corp. (NASDAQ:TOROGet Free Report) traded up 1.3% during trading on Friday . The company traded as high as $5.71 and last traded at $5.63. 77,570 shares were traded during mid-day trading, a decline of 92% from the average session volume of 979,495 shares. The stock had previously closed at $5.56.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Toro in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Get Our Latest Research Report on Toro

Toro Stock Performance

The stock has a market capitalization of $120.88 million, a price-to-earnings ratio of 140.79 and a beta of 1.28. The business’s 50 day simple moving average is $4.31 and its 200-day simple moving average is $3.42.

Toro Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 16th. Shareholders of record on Tuesday, December 16th will be paid a dividend of $1.75 per share.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Toro stock. Citadel Advisors LLC acquired a new position in Toro Corp. (NASDAQ:TOROFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,388 shares of the company’s stock, valued at approximately $79,000. Citadel Advisors LLC owned 0.13% of Toro as of its most recent SEC filing. 1.74% of the stock is currently owned by institutional investors and hedge funds.

Toro Company Profile

(Get Free Report)

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.

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