The stock of Ardmore Shipping Corp (NYSE:ASC) is a huge mover today! About 198,307 shares traded hands. Ardmore Shipping Corp (NYSE:ASC) has declined 32.45% since April 8, 2016 and is downtrending. It has underperformed by 38.10% the S&P500.
The move comes after 6 months positive chart setup for the $205.80M company. It was reported on Nov, 10 by Barchart.com. We have $13.70 PT which if reached, will make NYSE:ASC worth $249.02M more.
Ardmore Shipping Corp (NYSE:ASC) Ratings Coverage
Out of 7 analysts covering Ardmore Shipping Corporation (NYSE:ASC), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Ardmore Shipping Corporation has been the topic of 9 analyst reports since October 29, 2015 according to StockzIntelligence Inc. On Thursday, November 5 the stock rating was upgraded by Seaport Global to “Speculative Buy”. The firm has “Hold” rating by ABN Amro given on Friday, July 1. The company was maintained on Wednesday, July 27 by Jefferies. The stock of Ardmore Shipping Corp (NYSE:ASC) earned “Buy” rating by Seaport Global on Wednesday, May 4. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Thursday, August 25. The firm has “Overweight” rating by JP Morgan given on Thursday, April 7. As per Tuesday, December 15, the company rating was initiated by Deutsche Bank.
According to Zacks Investment Research, “Ardmore Shipping Corporation engages in the ownership and operation of product and chemical tankers. It provides shipping services to customers through voyage charters, commercial pools, and time charters. The Company provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies. Ardmore Shipping Corporation is based in Mahon, Ireland.”
More news for Ardmore Shipping Corp (NYSE:ASC) were recently published by: Fool.com, which released: “Ardmore Shipping Corp Sinks on a Discounted Stock Offering” on June 08, 2016. Reuters.com‘s article titled: “BRIEF-Ardmore Shipping Corp reports Q3 loss per share $0.14” and published on November 02, 2016 is yet another important article.
ASC Company Profile
Ardmore Shipping Corporation, incorporated on May 14, 2013, 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 activities of its vessels. The Company’s fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation. The Company’s vessels include Ardmore Seavaliant, Ardmore Seaventure, Ardmore Seavantage, Ardmore Seavanguard, Ardmore Sealion, Ardmore Seafox, Ardmore Seahawk, Ardmore Endeavour, Ardmore Seafarer, Ardmore Seatrader, Ardmore Seamaster and Ardmore Sealeader.
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