Ardmore Shipping Corp Coverage Initiated at Sidoti (ASC)
Investment analysts at Sidoti started 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.
ASC has been the subject of a number of other recent research reports. Analysts at Maxim Group initiated coverage on shares of Ardmore Shipping Corp in a research note to investors on Thursday. They set a “buy” rating and a $18.00 price target on the stock. Analysts at Global Hunter Securities initiated coverage on shares of Ardmore Shipping Corp in a research note to investors on Monday, January 6th. They set a “buy” rating and a $20.00 price target on the stock. Seven equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $18.40.
Ardmore Shipping Corp (NYSE:ASC) traded down 1.18% during mid-day trading on Monday, hitting $14.27. 34,161 shares of the company’s stock traded hands. Ardmore Shipping Corp has a 52 week low of $11.32 and a 52 week high of $15.84. The stock’s 50-day moving average is $13.72 and its 200-day moving average is $13.3. The company’s market cap is $257.6 million.
Ardmore Shipping Corp (NYSE:ASC) last announced its earnings results on Monday, November 11th. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ 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.
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