Toro (NASDAQ:TORO) Stock Price Down 0.3% – Time to Sell?

Toro Corp. (NASDAQ:TORO) was down 0.3% on Thursday . The stock traded as low as $3.50 and last traded at $3.54. Approximately 19,627 shares changed hands during trading, a decline of 64% from the average daily volume of 54,303 shares. The stock had previously closed at $3.55.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Toro in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Toro Stock Performance

The business has a 50-day moving average of $4.65 and a 200-day moving average of $3.94. The stock has a market capitalization of $77.29 million, a price-to-earnings ratio of 90.02 and a beta of 1.14.

Toro Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, January 16th. Stockholders of record on Tuesday, December 16th were given a dividend of $1.75 per share.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Group One Trading LLC acquired a new position in Toro in the third quarter valued at $70,000. Citadel Advisors LLC purchased a new position in shares of Toro during the third quarter worth about $79,000. Founders Capital Management increased its position in Toro by 28.6% in the 4th quarter. Founders Capital Management now owns 9,000 shares of the company’s stock valued at $48,000 after acquiring an additional 2,000 shares during the period. Finally, Renaissance Technologies LLC increased its position in Toro by 19.2% in the 4th quarter. Renaissance Technologies LLC now owns 186,700 shares of the company’s stock valued at $986,000 after acquiring an additional 30,100 shares during the period. 1.74% of the stock is owned by hedge funds and other 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.