Ardmore Shipping Corp. (NYSE:ASC) traded up 2.8% during trading on Thursday . The company traded as high as $7.49 and last traded at $7.30, with a volume of 189,911 shares. The stock had previously closed at $7.10.

A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Ardmore Shipping Corp. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 10th. Seaport Global Securities reiterated a “buy” rating and set a $13.00 target price on shares of Ardmore Shipping Corp. in a research note on Wednesday, May 4th. Deutsche Bank AG reiterated a “buy” rating and set a $11.00 target price on shares of Ardmore Shipping Corp. in a research note on Wednesday, June 15th. JPMorgan Chase & Co. lowered their target price 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. Finally, ABN Amro upgraded Ardmore Shipping Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, June 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$14.00.

The firm’s 50-day moving average price is $7.79 and its 200-day moving average price is $8.67. The company has a market capitalization of $190.98 million and a price-to-earnings ratio of 5.72.

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 expect that Ardmore Shipping Corp. will post $0.87 earnings per share for the current fiscal year.

Other large investors recently added to or reduced their stakes in the company. 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 boosted its stake in 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 in the last quarter. UBS Oconnor LLC boosted its stake in 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 in the last quarter. Donald Smith & CO. Inc. boosted its stake in 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 in the last quarter. Finally, Royce & Associates LLC boosted its stake in 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 in 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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