Ardmore Shipping Corp (NYSE:ASC) announced a quarterly dividend on Wednesday, February 12th, Wall Street Journal reports. Investors of record on Friday, February 21st will be given a dividend of 0.05 per share by the shipping company on Friday, February 28th. This represents a $0.20 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, February 20th.
ASC opened at $6.11 on Friday. Ardmore Shipping has a 1-year low of $5.04 and a 1-year high of $9.79. The stock’s fifty day simple moving average is $7.32 and its 200 day simple moving average is $7.48. The company has a current ratio of 1.50, a quick ratio of 1.34 and a debt-to-equity ratio of 1.20. The stock has a market cap of $175.75 million, a PE ratio of -4.85 and a beta of 1.35.
Ardmore Shipping (NYSE:ASC) last posted its quarterly earnings results on Tuesday, February 11th. The shipping company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Ardmore Shipping had a negative net margin of 18.34% and a negative return on equity of 6.11%. The business had revenue of $38.08 million during the quarter, compared to the consensus estimate of $38.91 million. Equities analysts forecast that Ardmore Shipping will post -0.26 earnings per share for the current year.
About Ardmore Shipping
Ardmore Shipping Corporation, together with its subsidiaries, engages in the seaborne transportation of petroleum products and chemicals worldwide. As of January 31, 2019, the company operated a fleet of 27 double-hulled product and chemical tankers, including 21 Eco-design and 6 Eco-mod vessels. It serves oil majors, oil companies, oil and chemical traders, and chemical companies.
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