Robin Energy (NASDAQ:RBNE) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Robin Energy (NASDAQ:RBNE) from a sell rating to a hold rating in a report issued on Saturday morning.

Separately, Weiss Ratings upgraded Robin Energy from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Robin Energy Stock Down 3.7%

Shares of RBNE opened at $1.29 on Friday. The business has a 50-day simple moving average of $1.83 and a two-hundred day simple moving average of $3.32. The stock has a market cap of $9.06 million and a price-to-earnings ratio of 43.00. Robin Energy has a 52 week low of $1.05 and a 52 week high of $102.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empery Asset Management LP purchased a new position in Robin Energy in the fourth quarter worth about $882,000. Connective Capital Management LLC purchased a new position in Robin Energy in the third quarter worth about $78,000. Kitching Partners LLC purchased a new position in Robin Energy in the third quarter worth about $27,000. Citadel Advisors LLC purchased a new position in Robin Energy in the third quarter worth about $585,000. Finally, Virtu Financial LLC purchased a new position in Robin Energy in the third quarter worth about $28,000.

Robin Energy Company Profile

Robin Energy Ltd. operates as a holding company that provides tanker vessel services. The company was founded by Petros Panagiotidis on September 24, 2024 and is headquartered in Limassol, Cyrus.