Toro (NASDAQ:TORO) Releases Earnings Results

Toro (NASDAQ:TORO) posted its quarterly earnings results on Friday. The company reported $0.51 earnings per share for the quarter, reports. Toro had a return on equity of 66.54% and a net margin of 179.23%. The firm had revenue of $7.01 million during the quarter.

Toro Price Performance

TORO opened at $4.57 on Friday. The company’s 50-day simple moving average is $4.91 and its two-hundred day simple moving average is $5.02. Toro has a 52-week low of $2.72 and a 52-week high of $7.25. The stock has a market capitalization of $86.74 million, a P/E ratio of 1.64 and a beta of 2.14. The company has a debt-to-equity ratio of 0.02, a quick ratio of 20.98 and a current ratio of 21.01.

Institutional Investors Weigh In On Toro

An institutional investor recently bought a new position in Toro stock. Privium Fund Management UK Ltd acquired a new stake in shares of Toro Corp. (NASDAQ:TORO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,824 shares of the company’s stock, valued at approximately $86,000. Privium Fund Management UK Ltd owned about 0.08% of Toro as of its most recent filing with the Securities and Exchange Commission (SEC). 1.74% of the stock is owned by institutional investors.

About Toro

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.