StealthGas (NASDAQ:GASS) Stock Crosses Above 200 Day Moving Average – Should You Sell?

StealthGas, Inc. (NASDAQ:GASS)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.40 and traded as high as $9.43. StealthGas shares last traded at $9.09, with a volume of 164,678 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen raised StealthGas from a “hold” rating to a “buy” rating in a research report on Sunday, December 28th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, StealthGas currently has an average rating of “Buy”.

StealthGas Price Performance

The stock’s 50 day simple moving average is $8.42 and its two-hundred day simple moving average is $7.40. The stock has a market capitalization of $337.78 million, a PE ratio of 5.54 and a beta of 0.22.

StealthGas (NASDAQ:GASS) last posted its quarterly earnings results on Monday, March 2nd. The shipping company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. StealthGas had a net margin of 35.03% and a return on equity of 9.08%. The company had revenue of $39.37 million for the quarter, compared to analysts’ expectations of $39.80 million.

Institutional Trading of StealthGas

Hedge funds have recently made changes to their positions in the company. LOM Asset Management Ltd bought a new position in shares of StealthGas during the 4th quarter worth $35,000. Royal Bank of Canada raised its stake in StealthGas by 343.3% in the 4th quarter. Royal Bank of Canada now owns 5,063 shares of the shipping company’s stock valued at $36,000 after acquiring an additional 3,921 shares during the period. Bank of America Corp DE lifted its holdings in StealthGas by 701.2% during the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock valued at $58,000 after purchasing an additional 8,982 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in StealthGas during the fourth quarter valued at about $78,000. Finally, XTX Topco Ltd bought a new position in StealthGas during the fourth quarter worth about $79,000. 66.32% of the stock is currently owned by institutional investors.

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.