Toro (NASDAQ:TORO) Issues Earnings Results

Toro (NASDAQ:TOROGet Free Report) posted its quarterly earnings results on Friday. The company reported $0.51 EPS for the quarter, reports. The company had revenue of $7.01 million during the quarter. Toro had a return on equity of 54.82% and a net margin of 259.21%.

Toro Stock Performance

NASDAQ:TORO opened at $4.57 on Monday. The company has a market cap of $86.74 million, a P/E ratio of 1.64 and a beta of 2.14. The firm’s 50 day moving average is $4.91 and its two-hundred day moving average is $5.02. Toro has a fifty-two week low of $2.72 and a fifty-two week high of $7.25. The company has a quick ratio of 20.98, a current ratio of 21.01 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On Toro

A hedge fund recently bought a new stake in Toro stock. Acadian Asset Management LLC bought a new position in shares of Toro Corp. (NASDAQ:TOROFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 140,847 shares of the company’s stock, valued at approximately $822,000. Acadian Asset Management LLC owned approximately 0.78% of Toro as of its most recent filing with the Securities and Exchange Commission. 1.74% of the stock is owned by hedge funds and other institutional investors.

About Toro

(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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Earnings History for Toro (NASDAQ:TORO)

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