Toro (NASDAQ:TORO) Posts Earnings Results

Toro (NASDAQ:TORO) posted its quarterly earnings data on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, Zacks reports. Toro had a net margin of 21.64% and a return on equity of 2.31%.

Toro Stock Up 33.8%

Shares of NASDAQ:TORO opened at $4.20 on Thursday. Toro has a 1-year low of $1.70 and a 1-year high of $4.48. The firm’s 50 day simple moving average is $2.93 and its two-hundred day simple moving average is $2.44.

Toro Company Profile

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.