Toro (NASDAQ:TORO) Announces Quarterly Earnings Results

Toro (NASDAQ:TORO) released its quarterly earnings data on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Toro had a return on equity of 2.46% and a net margin of 24.65%.

Toro Stock Performance

Shares of NASDAQ TORO traded up $1.46 during trading hours on Friday, reaching $5.59. 8,779,307 shares of the stock were exchanged, compared to its average volume of 148,140. The firm has a market capitalization of $120.08 million, a price-to-earnings ratio of 279.74 and a beta of 1.28. Toro has a 52 week low of $1.70 and a 52 week high of $5.66. The stock’s fifty day simple moving average is $3.88 and its 200 day simple moving average is $3.03.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Toro in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Toro stock. Citadel Advisors LLC bought a new position in shares of Toro Corp. (NASDAQ:TORO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,388 shares of the company’s stock, valued at approximately $79,000. Citadel Advisors LLC owned approximately 0.13% of Toro as of its most recent filing with the Securities & Exchange Commission. 1.74% of the stock is owned by institutional investors and hedge funds.

Toro Company Profile

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.