Ardmore Shipping Corp. (NYSE:ASC)’s share price traded up 3.7% during trading on Wednesday . The stock traded as high as $7.34 and last traded at $7.33, with a volume of 178,397 shares changing hands. The stock had previously closed at $7.07.

Several equities analysts have commented on the stock. Seaport Global Securities reissued a “buy” rating and issued a $13.00 target price on shares of Ardmore Shipping Corp. in a report on Wednesday, May 4th. Zacks Investment Research lowered shares of Ardmore Shipping Corp. from a “hold” rating to a “sell” rating in a report on Monday, August 15th. TheStreet raised shares of Ardmore Shipping Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Morgan Stanley lowered shares of Ardmore Shipping Corp. from an “overweight” rating to an “equal weight” rating and set a $8.00 price target on the stock. in a report on Thursday, August 25th. Finally, ABN Amro raised shares of Ardmore Shipping Corp. from a “sell” rating to a “hold” rating in a report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$12.63.

The stock’s 50 day moving average is $7.49 and its 200 day moving average is $8.23. The company has a market cap of $243.80 million and a P/E ratio of 6.16.

Ardmore Shipping Corp. (NYSE:ASC) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The company had revenue of $39.70 million for the quarter, compared to the consensus estimate of $32.49 million. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that Ardmore Shipping Corp. will post $0.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 16th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 6.22%. The ex-dividend date is Friday, August 12th.

Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The Company’s segment relates to the operations of its vessels. The Company’s fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation.

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