News headlines about Ardmore Shipping (NYSE:ASC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ardmore Shipping earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the shipping company an impact score of 46.2444949465808 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Zacks Investment Research Lowers Ardmore Shipping (ASC) to Sell (americanbankingnews.com)
- Seaport Global Securities Comments on Ardmore Shipping’s Q1 2018 Earnings (ASC) (americanbankingnews.com)
- Ardmore Shipping (ASC) Downgraded to Sell at BidaskClub (americanbankingnews.com)
- Ardmore Shipping (ASC) & StealthGas (GASS) Head to Head Comparison (americanbankingnews.com)
Shares of NYSE:ASC traded up $0.05 during midday trading on Friday, hitting $8.00. 31,192 shares of the stock were exchanged, compared to its average volume of 226,656. The company has a quick ratio of 1.27, a current ratio of 1.44 and a debt-to-equity ratio of 1.07. Ardmore Shipping has a twelve month low of $6.40 and a twelve month high of $9.05.
A number of equities research analysts have commented on the company. Zacks Investment Research downgraded Ardmore Shipping from a “hold” rating to a “sell” rating in a report on Thursday. JPMorgan Chase raised their target price on Ardmore Shipping from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Friday, March 23rd. Seaport Global Securities set a $12.00 price target on Ardmore Shipping and gave the stock a “buy” rating in a research note 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 note on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $10.42.
Ardmore Shipping Company Profile
Ardmore Shipping Corporation, together with its subsidiaries, engages in the seaborne transportation of petroleum products and chemicals through product and chemical tankers worldwide. As of December 31, 2016, the company operated 27 vessels. It serves oil majors, oil companies, oil and chemical traders, and chemical companies.
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