Ardmore Shipping Corp (NYSE:ASC) shares traded 1.88% higher at $9.77 on Wall Street last session.
ASC stock price is now 1.24% away from the 50-day moving average and -24.35% away from the 200-day moving average. The market capitalization of the company currently stands at $396.90M.
With the price target reduced from $24 to $17, Stifel Downgraded its rating from Buy to Hold for Ardmore Shipping Corp (NYSE: ASC). On July 21, 2022, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $10, while ‘H.C. Wainwright’ rates the stock as ‘Buy’
In other news, Gaina Robert Cristian, Officer bought 3,186 shares of the company’s stock on Mar 31 ’25. The stock was bought for $31,553 at an average price of $9.90. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 31 ’25, Officer O’Driscoll Aideen Siobhan bought 1,968 shares of the business’s stock. A total of $19,490 was incurred on buying the stock at an average price of $9.90. A total of 5.07% of the company’s stock is owned by insiders.
During the past 12 months, Ardmore Shipping Corp has had a low of $8.32 and a high of $23.19. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 3.73, and a quick ratio of 3.36. The fifty day moving average price for ASC is $9.6504 and a two-hundred day moving average price translates $12.9148 for the stock.
The latest earnings results from Ardmore Shipping Corp (NYSE: ASC) was released for 2025-03-31. The net profit margin was 25.66% and return on equity was 15.97% for ASC. The company reported revenue of $74.0 million for the quarter, compared to $106.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -30.39 percent.
