StealthGas (NASDAQ:GASS) Stock Crosses Above 200-Day Moving Average – What’s Next?

StealthGas, Inc. (NASDAQ:GASS) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.88 and traded as high as $9.07. StealthGas shares last traded at $8.83, with a volume of 80,059 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised StealthGas from a “hold” rating to a “buy” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

StealthGas Stock Performance

The stock has a market cap of $331.30 million, a PE ratio of 5.26 and a beta of 0.25. The firm has a 50-day moving average price of $8.96 and a 200-day moving average price of $8.88.

StealthGas (NASDAQ:GASS) last announced its quarterly earnings data on Friday, June 5th. The shipping company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $42.84 million for the quarter, compared to the consensus estimate of $38.40 million. StealthGas had a net margin of 35.91% and a return on equity of 8.72%.

Institutional Investors Weigh In On StealthGas

Several institutional investors and hedge funds have recently made changes to their positions in GASS. Towerview LLC raised its holdings in StealthGas by 5.5% in the 4th quarter. Towerview LLC now owns 3,067,500 shares of the shipping company’s stock worth $21,534,000 after acquiring an additional 160,000 shares during the last quarter. Renaissance Technologies LLC boosted its stake in StealthGas by 0.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,032,631 shares of the shipping company’s stock valued at $18,660,000 after purchasing an additional 17,100 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in StealthGas by 2.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 514,871 shares of the shipping company’s stock valued at $4,727,000 after purchasing an additional 12,142 shares during the last quarter. UBS Group AG boosted its stake in StealthGas by 21.4% during the 3rd quarter. UBS Group AG now owns 260,133 shares of the shipping company’s stock valued at $1,704,000 after purchasing an additional 45,846 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of StealthGas by 31.3% in the 3rd quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock worth $1,554,000 after purchasing an additional 56,493 shares in the last quarter. Institutional investors own 66.32% of the company’s stock.

StealthGas Company Profile

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.