Okeanis Eco Tankers (NYSE:ECO) Hits New 1-Year Low – Time to Sell?

Okeanis Eco Tankers Corp. (NYSE:ECO) reached a new 52-week low during trading on Tuesday . The stock traded as low as $18.79 and last traded at $18.92, with a volume of 60943 shares trading hands. The stock had previously closed at $19.35.

Okeanis Eco Tankers Price Performance

The company has a debt-to-equity ratio of 1.48, a current ratio of 1.69 and a quick ratio of 1.34. The company has a market capitalization of $619.09 million and a P/E ratio of 5.30. The firm’s 50-day moving average is $25.20 and its 200-day moving average is $29.43.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.36. The firm had revenue of $84.93 million for the quarter, compared to analysts’ expectations of $74.61 million. Okeanis Eco Tankers had a return on equity of 27.19% and a net margin of 29.25%. Analysts predict that Okeanis Eco Tankers Corp. will post 3.19 EPS for the current fiscal year.

Okeanis Eco Tankers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a $0.45 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.36%. Okeanis Eco Tankers’s dividend payout ratio (DPR) is presently 48.48%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ECO. Hsbc Holdings PLC grew its holdings in Okeanis Eco Tankers by 123.9% in the second quarter. Hsbc Holdings PLC now owns 178,056 shares of the company’s stock worth $5,692,000 after purchasing an additional 98,528 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in Okeanis Eco Tankers in the 2nd quarter worth $2,086,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Okeanis Eco Tankers during the 2nd quarter worth about $1,767,000. Quadrature Capital Ltd purchased a new stake in shares of Okeanis Eco Tankers during the third quarter worth $1,169,000. Finally, Wexford Capital LP lifted its position in Okeanis Eco Tankers by 7.1% during the third quarter. Wexford Capital LP now owns 22,204 shares of the company’s stock worth $728,000 after buying an additional 1,472 shares in the last quarter.

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.