Stabilis Solutions (NASDAQ:SLNG) Downgraded by Maxim Group to “Hold”

Stabilis Solutions (NASDAQ:SLNG) was downgraded by Maxim Group from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Marketbeat reports.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Stabilis Solutions in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $10.00.

Stabilis Solutions Stock Down 6.5%

SLNG stock opened at $5.48 on Wednesday. Stabilis Solutions has a 1-year low of $3.29 and a 1-year high of $6.36. The firm has a market capitalization of $101.93 million, a PE ratio of 109.62 and a beta of -0.13. The business’s 50 day simple moving average is $5.06 and its 200 day simple moving average is $4.72. The company has a current ratio of 1.42, a quick ratio of 1.40 and a debt-to-equity ratio of 0.10.

Institutional Trading of Stabilis Solutions

A number of institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings in shares of Stabilis Solutions by 30.2% during the fourth quarter. Russell Investments Group Ltd. now owns 74,247 shares of the company’s stock worth $338,000 after purchasing an additional 17,213 shares during the period. Citadel Advisors LLC raised its holdings in Stabilis Solutions by 37.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock valued at $83,000 after acquiring an additional 5,238 shares in the last quarter. Ancora Advisors LLC lifted its position in shares of Stabilis Solutions by 32.3% during the 3rd quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock valued at $370,000 after acquiring an additional 20,718 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Stabilis Solutions by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock worth $81,000 after purchasing an additional 2,207 shares in the last quarter. Institutional investors own 3.81% of the company’s stock.

Stabilis Solutions Company Profile

Stabilis Solutions (NASDAQ: SLNG) is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.

In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.