Okeanis Eco Tankers (NYSE:ECO) Shares Gap Up – Here’s What Happened

Okeanis Eco Tankers Corp. (NYSE:ECO) shares gapped up prior to trading on Tuesday . The stock had previously closed at $27.98, but opened at $28.94. Okeanis Eco Tankers shares last traded at $28.95, with a volume of 19,394 shares changing hands.

Okeanis Eco Tankers Stock Down 5.8 %

The firm has a 50-day moving average of $31.80 and a two-hundred day moving average of $31.95. The company has a quick ratio of 1.23, a current ratio of 1.48 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $866.82 million and a PE ratio of 6.43.

Okeanis Eco Tankers (NYSE:ECO) last released its quarterly earnings results on Friday, August 9th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.33. Okeanis Eco Tankers had a return on equity of 28.35% and a net margin of 30.17%. The business had revenue of $111.99 million during the quarter, compared to analysts’ expectations of $100.71 million. Equities research analysts predict that Okeanis Eco Tankers Corp. will post 3.52 earnings per share for the current fiscal year.

Okeanis Eco Tankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, August 21st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 16.34%. Okeanis Eco Tankers’s payout ratio is currently 105.01%.

Institutional Trading of Okeanis Eco Tankers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lighthouse Investment Partners LLC purchased a new position in shares of Okeanis Eco Tankers during the second quarter worth $2,086,000. Acadian Asset Management LLC acquired a new position in Okeanis Eco Tankers in the 2nd quarter valued at about $370,000. Marshall Wace LLP purchased a new stake in Okeanis Eco Tankers during the second quarter worth about $247,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Okeanis Eco Tankers during the second quarter worth about $1,767,000. Finally, Susquehanna International Securities Ltd. purchased a new position in shares of Okeanis Eco Tankers in the first quarter valued at approximately $210,000.

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.