StockNews.com Downgrades StealthGas (NASDAQ:GASS) to Buy

StealthGas (NASDAQ:GASS) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

StealthGas Stock Performance

NASDAQ GASS opened at $6.94 on Tuesday. StealthGas has a 52-week low of $4.14 and a 52-week high of $8.84. The company has a 50-day simple moving average of $7.42 and a 200 day simple moving average of $6.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.25. The company has a market capitalization of $250.81 million, a PE ratio of 4.89 and a beta of 0.84.

StealthGas (NASDAQ:GASS) last issued its earnings results on Wednesday, May 22nd. The shipping company reported $0.49 earnings per share for the quarter. The firm had revenue of $38.71 million during the quarter. StealthGas had a net margin of 35.95% and a return on equity of 9.19%.

Hedge Funds Weigh In On StealthGas

A number of large investors have recently modified their holdings of GASS. EntryPoint Capital LLC purchased a new stake in StealthGas in the first quarter valued at approximately $62,000. Virtu Financial LLC purchased a new stake in StealthGas in the first quarter valued at approximately $64,000. Heron Bay Capital Management purchased a new position in shares of StealthGas during the first quarter worth approximately $78,000. DGS Capital Management LLC purchased a new position in shares of StealthGas during the first quarter worth approximately $106,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of StealthGas during the fourth quarter worth approximately $201,000. 66.32% of the stock is currently owned by institutional investors.

About StealthGas

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.