Media headlines about Ardmore Shipping Corp (NYSE:ASC) have been trending somewhat positive recently, AlphaOne Sentiment Analysis reports. The research firm, a unit of Accern, identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ardmore Shipping Corp earned a media sentiment score of 0.20 on AlphaOne’s scale. AlphaOne also gave press coverage about the shipping company an impact score of 75 out of 100, indicating that recent media coverage is likely to have an effect on the stock’s share price in the near future.
A number of equities research analysts have weighed in on the stock. ABN Amro raised shares of Ardmore Shipping Corp from a “hold” rating to a “buy” rating and set a $11.50 price target for the company in a report on Monday, March 6th. Jefferies Group LLC reissued a “buy” rating and issued a $10.00 price target on shares of Ardmore Shipping Corp in a report on Monday, April 24th. Finally, Zacks Investment Research downgraded shares of Ardmore Shipping Corp from a “hold” rating to a “sell” rating in a report on Tuesday, March 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $10.13.
Shares of Ardmore Shipping Corp (NYSE:ASC) remained flat at $7.70 during trading on Friday. 91,323 shares of the stock traded hands. The company’s market capitalization is $258.53 million. The company’s 50-day moving average is $7.73 and its 200 day moving average is $7.24. Ardmore Shipping Corp has a 12-month low of $5.00 and a 12-month high of $9.93.
Ardmore Shipping Corp (NYSE:ASC) last issued its quarterly earnings results on Wednesday, May 3rd. The shipping company reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.04. The company had revenue of $49.67 million during the quarter, compared to the consensus estimate of $30.75 million. Ardmore Shipping Corp had a return on equity of 1.64% and a net margin of 2.28%. Ardmore Shipping Corp’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the business posted $0.26 earnings per share. On average, equities research analysts expect that Ardmore Shipping Corp will post ($0.01) earnings per share for the current fiscal year.
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Ardmore Shipping Corp Company Profile
Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The Company’s segment relates to the operations of its vessels. The Company’s fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation.
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