Ardmore Shipping Corp. (NYSE:ASC)’s share price traded down 1.2% during mid-day trading on Monday . The company traded as low as $6.99 and last traded at $7.14, with a volume of 237,116 shares traded. The stock had previously closed at $7.23.

A number of equities analysts recently issued reports on the company. Zacks Investment Research cut Ardmore Shipping Corp. from a “hold” rating to a “strong sell” rating in a report on Saturday, June 11th. JPMorgan Chase & Co. dropped their price objective on Ardmore Shipping Corp. from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, April 7th. Deutsche Bank AG restated a “buy” rating and set a $11.00 price objective on shares of Ardmore Shipping Corp. in a research note on Wednesday, June 15th. Seaport Global Securities restated a “buy” rating and set a $13.00 price objective on shares of Ardmore Shipping Corp. in a research note on Wednesday, May 4th. Finally, Jefferies Group restated a “buy” rating on shares of Ardmore Shipping Corp. in a research note on Wednesday, July 6th. 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. The company currently has an average rating of “Buy” and an average target price of C$14.00.

The firm has a market capitalization of $186.83 million and a PE ratio of 5.59. The stock’s 50 day moving average is $7.95 and its 200 day moving average is $8.78.

Ardmore Shipping Corp. (NYSE:ASC) last released its earnings results on Wednesday, May 4th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.01. The firm earned $36.10 million during the quarter, compared to analysts’ expectations of $36.46 million. The company’s revenue was up 47.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. On average, equities research analysts predict that Ardmore Shipping Corp. will post $0.94 earnings per share for the current year.

Several large investors recently added to or reduced their stakes in ASC. I.G. Investment Management LTD. boosted its stake in Ardmore Shipping Corp. by 0.6% in the fourth quarter. I.G. Investment Management LTD. now owns 115,396 shares of the company’s stock worth $1,468,000 after buying an additional 708 shares in the last quarter. 1492 Capital Management LLC increased its position in shares of Ardmore Shipping Corp. by 198.0% in the fourth quarter. 1492 Capital Management LLC now owns 175,712 shares of the company’s stock worth $2,235,000 after buying an additional 116,743 shares during the last quarter. UBS Oconnor LLC increased its position in shares of Ardmore Shipping Corp. by 276.6% in the fourth quarter. UBS Oconnor LLC now owns 188,281 shares of the company’s stock worth $2,395,000 after buying an additional 138,281 shares during the last quarter. Donald Smith & CO. Inc. increased its position in shares of Ardmore Shipping Corp. by 1.1% in the fourth quarter. Donald Smith & CO. Inc. now owns 2,620,958 shares of the company’s stock worth $33,339,000 after buying an additional 27,437 shares during the last quarter. Finally, Royce & Associates LLC increased its position in shares of Ardmore Shipping Corp. by 27.1% in the fourth quarter. Royce & Associates LLC now owns 1,339,503 shares of the company’s stock worth $17,038,000 after buying an additional 285,628 shares during the last quarter.

Ardmore Shipping Corporation (Ardmore) provides seaborne transportation of petroleum products and chemicals to oil companies, national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. As of December 31, 2014, Ardmore had 14 vessels in operation and 10 vessels under construction.

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