Ardmore Shipping (ASC) Receiving Somewhat Favorable Press Coverage, Analysis Finds
News articles about Ardmore Shipping (NYSE:ASC) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ardmore Shipping earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the shipping company an impact score of 46.1417280625658 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Ardmore Shipping from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. ValuEngine lowered Ardmore Shipping from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Jefferies Group assumed coverage on Ardmore Shipping in a research report on Monday, December 18th. They issued a “buy” rating and a $11.00 price target for the company. Seaport Global Securities set a $12.00 price target on Ardmore Shipping and gave the stock a “buy” rating in a research report on Thursday, January 4th. Finally, Stifel Nicolaus set a $9.00 price target on Ardmore Shipping and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $10.33.
Ardmore Shipping (NYSE:ASC) opened at $7.85 on Friday. Ardmore Shipping has a one year low of $6.40 and a one year high of $9.05. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.27 and a current ratio of 1.44. The firm has a market capitalization of $263.57, a price-to-earnings ratio of -20.66, a P/E/G ratio of 7.57 and a beta of 0.98.
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Ardmore Shipping Company Profile
Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The Company’s segment relates to the operations of its vessels. The Company’s fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation.
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