Ardmore Shipping Corp Now Covered by Global Hunter Securities (ASC)
Investment analysts at Global Hunter Securities assumed coverage on shares of Ardmore Shipping Corp (NYSE:ASC) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Ardmore Shipping Corp (NYSE:ASC) opened at 15.01 on Monday. Ardmore Shipping Corp has a 1-year low of $11.32 and a 1-year high of $15.84. The stock has a 50-day moving average of $13.47 and a 200-day moving average of $13.28. The company’s market cap is $270.9 million.
Ardmore Shipping Corp (NYSE:ASC) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.09) by $0.06. During the same quarter in the prior year, the company posted ($0.08) earnings per share. On average, analysts predict that Ardmore Shipping Corp will post $-0.13 earnings per share for the current fiscal year.
Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.