Toro (NASDAQ:TORO) Trading 3.6% Higher – What’s Next?

Toro Corp. (NASDAQ:TORO) shot up 3.6% during mid-day trading on Monday . The company traded as high as $4.45 and last traded at $4.26. 349,291 shares changed hands during trading, an increase of 110% from the average session volume of 166,028 shares. The stock had previously closed at $4.11.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Toro in a report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Toro presently has an average rating of “Sell”.

Toro Trading Up 3.6%

The business has a 50-day moving average price of $3.00 and a 200-day moving average price of $2.48. The stock has a market cap of $81.32 million, a PE ratio of 213.11 and a beta of 1.31.

Toro (NASDAQ:TORO) last posted its quarterly earnings data on Wednesday, October 1st. The company reported $0.02 earnings per share for the quarter. The company had revenue of $4.06 million during the quarter. Toro had a net margin of 24.65% and a return on equity of 2.46%.

About Toro

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.