StealthGas (NASDAQ:GASS) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

StealthGas, Inc. (NASDAQ:GASS) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.07 and traded as high as $7.91. StealthGas shares last traded at $7.86, with a volume of 69,638 shares changing hands.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of StealthGas from a “hold” rating to a “buy” rating in a report on Sunday, December 28th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

StealthGas Stock Performance

The company has a market capitalization of $292.09 million, a PE ratio of 4.68 and a beta of 0.24. The business has a fifty day moving average price of $7.47 and a 200 day moving average price of $7.07.

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

Hedge Funds Weigh In On StealthGas

A number of hedge funds have recently made changes to their positions in GASS. State Street Corp lifted its holdings in shares of StealthGas by 4.7% during the 4th quarter. State Street Corp now owns 29,737 shares of the shipping company’s stock valued at $209,000 after acquiring an additional 1,340 shares in the last quarter. R Squared Ltd raised its position in StealthGas by 19.2% in the third quarter. R Squared Ltd now owns 19,648 shares of the shipping company’s stock valued at $129,000 after purchasing an additional 3,168 shares during the period. Sei Investments Co. lifted its stake in shares of StealthGas by 14.8% during the third quarter. Sei Investments Co. now owns 30,311 shares of the shipping company’s stock worth $199,000 after purchasing an additional 3,899 shares in the last quarter. LOM Asset Management Ltd purchased a new stake in shares of StealthGas in the fourth quarter worth about $35,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of StealthGas by 9.4% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 64,557 shares of the shipping company’s stock worth $414,000 after buying an additional 5,563 shares during the period. Hedge funds and other 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.