Ardmore Shipping (ASC) Given News Impact Rating of 0.00

Headlines about Ardmore Shipping (NYSE:ASC) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ardmore Shipping earned a coverage optimism score of 0.00 on Accern’s scale. Accern also assigned media stories about the shipping company an impact score of 47.7103704001982 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of NYSE ASC traded up $0.20 during trading on Monday, reaching $8.05. 210,993 shares of the stock were exchanged, compared to its average volume of 166,455. Ardmore Shipping has a twelve month low of $6.40 and a twelve month high of $9.05. The company has a current ratio of 1.31, a quick ratio of 1.13 and a debt-to-equity ratio of 1.09. The stock has a market cap of $270.28 million, a P/E ratio of -21.76 and a beta of 0.94.

Ardmore Shipping (NYSE:ASC) last posted its earnings results on Wednesday, May 2nd. The shipping company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). Ardmore Shipping had a negative return on equity of 3.98% and a negative net margin of 7.88%. The firm had revenue of $50.40 million for the quarter, compared to analyst estimates of $31.03 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. research analysts expect that Ardmore Shipping will post -0.07 EPS for the current fiscal year.

ASC has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Ardmore Shipping from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. boosted their target price on shares of Ardmore Shipping from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, March 23rd. Finally, ValuEngine raised shares of Ardmore Shipping from a “sell” rating to a “hold” rating in a research report on Monday, May 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Ardmore Shipping currently has an average rating of “Hold” and a consensus target price of $10.42.

Ardmore Shipping Company Profile

Ardmore Shipping Corporation, together with its subsidiaries, engages in the seaborne transportation of petroleum products and chemicals worldwide. The company operates a fleet of 28 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, and chemical companies.

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