Robin Energy (NASDAQ:RBNE) Trading Down 4.3% – Should You Sell?

Robin Energy Ltd. (NASDAQ:RBNE)’s share price was down 4.3% during mid-day trading on Thursday . The stock traded as low as $0.6206 and last traded at $0.6410. 330,586 shares were traded during trading, a decline of 75% from the average daily volume of 1,349,119 shares. The stock had previously closed at $0.67.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on RBNE shares. Wall Street Zen raised shares of Robin Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings raised shares of Robin Energy from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Robin Energy Stock Down 4.3%

The firm has a 50 day moving average of $1.25 and a 200 day moving average of $2.53. The firm has a market cap of $4.50 million, a PE ratio of 21.37 and a beta of 0.42.

Institutional Trading of Robin Energy

Several hedge funds have recently made changes to their positions in the company. Empery Asset Management LP purchased a new position in shares of Robin Energy during the 4th quarter valued at $882,000. Connective Capital Management LLC purchased a new stake in Robin Energy in the 3rd quarter worth about $78,000. Kitching Partners LLC bought a new stake in Robin Energy in the 3rd quarter valued at about $27,000. Citadel Advisors LLC purchased a new stake in Robin Energy during the third quarter valued at about $585,000. Finally, Virtu Financial LLC purchased a new stake in Robin Energy during the third quarter valued at about $28,000.

Robin Energy Company Profile

Robin Energy Ltd. operates as a holding company that provides tanker vessel services. The company was founded by Petros Panagiotidis on September 24, 2024 and is headquartered in Limassol, Cyrus.