StealthGas (NASDAQ:GASS) Shares Pass Above 200-Day Moving Average – Time to Sell?

StealthGas, Inc. (NASDAQ:GASS)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.90 and traded as high as $9.98. StealthGas shares last traded at $9.95, with a volume of 116,195 shares changing hands.

StealthGas Price Performance

The firm has a 50-day simple moving average of $9.28 and a 200 day simple moving average of $7.90. The company has a market capitalization of $369.75 million, a PE ratio of 6.07 and a beta of 0.20.

StealthGas (NASDAQ:GASS) last released its quarterly earnings data on Monday, March 2nd. The shipping company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. StealthGas had a return on equity of 9.08% and a net margin of 35.03%.The company had revenue of $39.37 million for the quarter, compared to analyst estimates of $39.80 million.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GASS. LOM Asset Management Ltd purchased a new position in StealthGas in the fourth quarter valued at about $35,000. Royal Bank of Canada increased its position in shares of StealthGas by 343.3% during the fourth quarter. Royal Bank of Canada now owns 5,063 shares of the shipping company’s stock worth $36,000 after acquiring an additional 3,921 shares during the last quarter. Bank of America Corp DE increased its position in shares of StealthGas by 701.2% during the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock worth $58,000 after acquiring an additional 8,982 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of StealthGas during the fourth quarter worth about $78,000. Finally, XTX Topco Ltd purchased a new stake in shares of StealthGas during the fourth quarter worth about $79,000. 66.32% of the stock is owned by hedge funds and other institutional investors.

StealthGas Company Profile

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.