StealthGas (NASDAQ:GASS) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

StealthGas, Inc. (NASDAQ:GASS)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.87 and traded as high as $8.06. StealthGas shares last traded at $7.83, with a volume of 113,957 shares trading hands.

Analyst Upgrades and Downgrades

GASS has been the topic of several recent analyst reports. Wall Street Zen raised StealthGas from a “hold” rating to a “buy” rating in a research note on Sunday, December 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of StealthGas in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

StealthGas Trading Up 0.5%

The company has a market capitalization of $290.97 million, a PE ratio of 4.66 and a beta of 0.22. The firm has a 50 day simple moving average of $6.98 and a two-hundred day simple moving average of $6.87.

StealthGas (NASDAQ:GASS) last announced its quarterly earnings data on Tuesday, November 25th. The shipping company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. StealthGas had a return on equity of 9.62% and a net margin of 35.02%.The firm had revenue of $44.53 million for the quarter, compared to analyst estimates of $39.20 million. During the same quarter in the prior year, the company posted $0.33 earnings per share.

Institutional Investors Weigh In On StealthGas

A number of large investors have recently added to or reduced their stakes in GASS. Towerview LLC increased its position in StealthGas by 2.9% during the 2nd quarter. Towerview LLC now owns 2,849,929 shares of the shipping company’s stock worth $18,268,000 after purchasing an additional 79,929 shares in the last quarter. Two Sigma Investments LP lifted its stake in shares of StealthGas by 31.3% during the third quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock valued at $1,554,000 after buying an additional 56,493 shares during the period. UBS Group AG boosted its position in StealthGas by 21.4% during the third quarter. UBS Group AG now owns 260,133 shares of the shipping company’s stock worth $1,704,000 after acquiring an additional 45,846 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of StealthGas during the third quarter worth $276,000. Finally, Millennium Management LLC grew its position in shares of StealthGas by 24.5% in the third quarter. Millennium Management LLC now owns 208,190 shares of the shipping company’s stock valued at $1,364,000 after purchasing an additional 40,912 shares during the period. 66.32% of the stock is owned by institutional investors and hedge funds.

About StealthGas

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.