Okeanis Eco Tankers Corp. (NYSE:ECO – Get Free Report) shares saw strong trading volume on Wednesday . 86,034 shares traded hands during trading, an increase of 31% from the previous session’s volume of 65,540 shares.The stock last traded at $27.14 and had previously closed at $28.59.
Okeanis Eco Tankers Stock Performance
The company has a current ratio of 1.48, a quick ratio of 1.23 and a debt-to-equity ratio of 1.37. The firm’s fifty day moving average price is $31.73 and its two-hundred day moving average price is $31.91. The stock has a market capitalization of $853.36 million and a PE ratio of 7.01.
Okeanis Eco Tankers (NYSE:ECO – Get Free Report) last released its quarterly earnings data on Friday, August 9th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.33. The company had revenue of $111.99 million during the quarter, compared to analysts’ expectations of $100.71 million. Okeanis Eco Tankers had a net margin of 30.17% and a return on equity of 28.35%. As a group, equities research analysts forecast that Okeanis Eco Tankers Corp. will post 3.52 EPS for the current year.
Okeanis Eco Tankers Announces Dividend
Hedge Funds Weigh In On Okeanis Eco Tankers
A number of large investors have recently added to or reduced their stakes in the stock. Lighthouse Investment Partners LLC purchased a new stake in shares of Okeanis Eco Tankers during the second quarter worth about $2,086,000. Marshall Wace LLP acquired a new position in shares of Okeanis Eco Tankers during the second quarter valued at approximately $247,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Okeanis Eco Tankers in the second quarter valued at approximately $1,767,000. Hsbc Holdings PLC boosted its stake in shares of Okeanis Eco Tankers by 123.9% in the second quarter. Hsbc Holdings PLC now owns 178,056 shares of the company’s stock worth $5,692,000 after acquiring an additional 98,528 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Okeanis Eco Tankers during the second quarter worth approximately $370,000.
Okeanis Eco Tankers Company Profile
Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.
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