Okeanis Eco Tankers (NYSE:ECO) Hits New 12-Month Low – What’s Next?

Shares of Okeanis Eco Tankers Corp. (NYSE:ECO) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $18.79 and last traded at $18.92, with a volume of 60943 shares trading hands. The stock had previously closed at $19.35.

Okeanis Eco Tankers Price Performance

The firm has a market cap of $619.09 million and a price-to-earnings ratio of 5.30. The company’s 50-day moving average price is $25.20 and its 200-day moving average price is $29.43. The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 1.48.

Okeanis Eco Tankers (NYSE:ECO) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.36. Okeanis Eco Tankers had a return on equity of 27.19% and a net margin of 29.25%. The company had revenue of $84.93 million for the quarter, compared to analyst estimates of $74.61 million. On average, equities research analysts forecast that Okeanis Eco Tankers Corp. will post 3.19 EPS for the current year.

Okeanis Eco Tankers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.36%. The ex-dividend date was Monday, November 18th. Okeanis Eco Tankers’s dividend payout ratio is currently 48.48%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in shares of Okeanis Eco Tankers during the 3rd quarter valued at about $206,000. Marshall Wace LLP purchased a new position in shares of Okeanis Eco Tankers during the 2nd quarter valued at $247,000. BBR Partners LLC bought a new position in Okeanis Eco Tankers during the third quarter valued at approximately $326,000. Acadian Asset Management LLC acquired a new stake in shares of Okeanis Eco Tankers in the second quarter worth $370,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Okeanis Eco Tankers in the 3rd quarter valued at approximately $383,000.

About Okeanis Eco Tankers

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.