What Next for Ardmore Shipping Corporation (ASC) Stock After Today’s Significant Increase?

Ardmore Shipping Corporation (NYSE:ASC) Logo

The stock of Ardmore Shipping Corporation (NYSE:ASC) is a huge mover today! The stock increased 4.30% or $0.32 during the last trading session, reaching $7.64. About 333,821 shares traded or 38.22% up from the average. Ardmore Shipping Corporation (NYSE:ASC) has risen 5.61% since September 13, 2018 and is uptrending. It has outperformed by 5.61% the S&P500.
The move comes after 6 months positive chart setup for the $252.70 million company. It was reported on Sep, 13 by Barchart.com. We have $8.33 PT which if reached, will make NYSE:ASC worth $22.74M more.

Analysts await Ardmore Shipping Corporation (NYSE:ASC) to report earnings on November, 6. They expect $-0.12 EPS, up 67.57 % or $0.25 from last year’s $-0.37 per share. After $-0.10 actual EPS reported by Ardmore Shipping Corporation for the previous quarter, Wall Street now forecasts 20.00 % negative EPS growth.

More notable recent Ardmore Shipping Corporation (NYSE:ASC) news were published by: Globenewswire.com which released: “The Madison Square Garden Company Reports Fiscal 2019 Third Quarter Results – GlobeNewswire” on May 08, 2019, also Finance.Yahoo.com with their article: “NYSE: ZUO Investor Notice: Lawsuit against Zuora, Inc. announced by Shareholders Foundation – Yahoo Finance” published on August 26, 2019, Finance.Yahoo.com published: “Is Realogy Holdings Corp. (NYSE:RLGY) Potentially Undervalued? – Yahoo Finance” on July 25, 2019. More interesting news about Ardmore Shipping Corporation (NYSE:ASC) were released by: Finance.Yahoo.com and their article: “Read This Before Buying Olin Corporation (NYSE:OLN) For Its Dividend – Yahoo Finance” published on July 30, 2019 as well as Finance.Yahoo.com‘s news article titled: “Should You Think About Buying Masco Corporation (NYSE:MAS) Now? – Yahoo Finance” with publication date: July 08, 2019.

Ardmore Shipping Corporation, together with its subsidiaries, engages in the seaborne transportation of petroleum products and chemicals through product and chemical tankers worldwide. The company has market cap of $252.70 million. As of December 31, 2016, the firm operated 27 vessels. It currently has negative earnings. It serves oil majors, oil companies, oil and chemical traders, and chemical companies.

Ardmore Shipping Corporation (NYSE:ASC) Ratings Chart

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