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

StealthGas, Inc. (NASDAQ:GASS) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.48 and traded as high as $9.26. StealthGas shares last traded at $9.01, with a volume of 109,744 shares.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of StealthGas from a “hold” rating to a “buy” rating in a research note on Sunday, December 28th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

StealthGas Price Performance

The firm has a fifty day simple moving average of $8.59 and a 200-day simple moving average of $7.48. The firm has a market cap of $334.81 million, a P/E ratio of 5.49 and a beta of 0.22.

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

Institutional Investors Weigh In On StealthGas

Several hedge funds and other institutional investors have recently made changes to their positions in GASS. XTX Topco Ltd bought a new position in StealthGas in the 4th quarter valued at about $79,000. Lazard Asset Management LLC acquired a new position in StealthGas during the 4th quarter valued at about $78,000. Bank of America Corp DE increased its holdings in StealthGas by 701.2% during the 4th quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock worth $58,000 after purchasing an additional 8,982 shares in the last quarter. Royal Bank of Canada increased its holdings in StealthGas by 343.3% during the 4th quarter. Royal Bank of Canada now owns 5,063 shares of the shipping company’s stock worth $36,000 after purchasing an additional 3,921 shares in the last quarter. Finally, Towerview LLC raised its stake in shares of StealthGas by 5.5% in the fourth quarter. Towerview LLC now owns 3,067,500 shares of the shipping company’s stock worth $21,534,000 after purchasing an additional 160,000 shares during the last quarter. 66.32% of the stock is owned by institutional investors.

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.