The opening price for Ardmore Shipping Corporation (NYSE:ASC) was $8.55 and the volume amounted to 0.32 million shares which compares with the average volume of 0.16 million shares. The company stock experienced a 4.12% move to arrive at $8.85.Ardmore Shipping Corporation (ASC) Analyst Opinion
Ardmore Shipping Corporation has a consensus outperform rating from 11 Wall Street analysts, and the number of shares currently sold short amount to at least 6.61% of shares outstanding. The stock spiked 9.26% last month and is up 19.59 this year. Wall Street is only getting more bullish on the stock, with 10 of analysts who cover ASC having a buy-equivalent rating. Analysts have placed a $9.87 price target on Ardmore Shipping Corporation, suggesting a 11.53% gain from recent close. It’s currently trading about 1.14% above its 52-week high.
Ardmore Shipping Corporation (ASC) surprised the stock market in its last reported earnings when it earned -$0.06 a piece versus the consensus-estimated -$0.09. Its revenue totaled $30.97 million up 0.26% from the previous quarter.Ardmore Shipping Corporation (NYSE:ASC) Intraday View
This stock (ASC) is ahead of its 52-week low with 77%. Its last month’s stock price volatility remained 4.29% which for the week stands at 4.17%. The share price has moved forward from its 20 days moving average, trading at a distance of 13.35% and stays 14.55% away from its 50 days moving average. Over the last five days, shares have managed 10.63% gains and now is up 16.58% since hitting its 200-day moving average of $7.75. Ardmore Shipping Corporation (ASC) has made its way to a 12-month gain of 25.89%.
Turning to Worthington Industries, Inc. (NYSE:WOR), its shares were trading at $45.23 a retreat of $-1.27, on the trading floor. The stock, after opening at $46.6, touched a high of $46.67 before paring much of its gains. So far, analysts are sticking with their bearish recommendations with the consensus call at 3. Worthington Industries, Inc. has 0 buy ratings, 3 holds and 0 sells even after the stock tumbled -27.56% from its high of $62.44 to a $2.82 billion market value through last close.
The company’s consensus rating on Reuter’s scale remained unchanged from 3 to 3 during a month. Analysts set a 12-month price target of $48 a share. The target implies a 6.12% spike from where the shares are currently trading. Also, the current price highlights a discount of 8.34% to analysts’ high consensus price target.Worthington Industries, Inc. (NYSE:WOR) Intraday Trading
The counter witnessed a trading volume of 0.95 million shares versus an average volume of 0.42 million shares during last trading session. Its last month’s stock price volatility remained 4.21% which for the week approaches 2.75%. The lowest price the stock reached in the last trading day was $44.91 and compares with the $40.82 52-week low. The stock recovered 10.8% since its low point and has performed -4.66% year-to-date.