StealthGas (NASDAQ:GASS) Rating Lowered to Hold at

StealthGas (NASDAQ:GASSGet Rating) was downgraded by investment analysts at from a “buy” rating to a “hold” rating in a report released on Thursday.

StealthGas Stock Performance

Shares of GASS stock remained flat at $3.13 during trading hours on Thursday. 127,999 shares of the company were exchanged, compared to its average volume of 266,440. StealthGas has a 52-week low of $1.91 and a 52-week high of $4.18. The stock’s 50-day moving average is $3.02 and its 200-day moving average is $2.92. The company has a market cap of $119.57 million, a price-to-earnings ratio of -9.78 and a beta of 0.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.66.

StealthGas (NASDAQ:GASSGet Rating) last posted its quarterly earnings results on Wednesday, August 24th. The shipping company reported $0.30 EPS for the quarter. StealthGas had a negative net margin of 8.34% and a positive return on equity of 5.87%. The business had revenue of $34.63 million during the quarter. During the same quarter in the prior year, the firm posted $0.13 EPS.

Institutional Trading of StealthGas

Several large investors have recently bought and sold shares of GASS. Cubist Systematic Strategies LLC purchased a new stake in StealthGas during the 2nd quarter worth approximately $52,000. Two Sigma Advisers LP purchased a new stake in StealthGas during the 3rd quarter worth approximately $159,000. Quadrature Capital Ltd grew its position in StealthGas by 74.1% during the 3rd quarter. Quadrature Capital Ltd now owns 75,735 shares of the shipping company’s stock worth $191,000 after purchasing an additional 32,228 shares during the last quarter. Jane Street Group LLC purchased a new stake in StealthGas during the 2nd quarter worth approximately $214,000. Finally, Goldman Sachs Group Inc. purchased a new stake in StealthGas during the 2nd quarter worth approximately $237,000. Hedge funds and other institutional investors own 45.48% of the company’s stock.

About StealthGas

(Get Rating)

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally. It also provides crude oil and natural gas. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.

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