Okeanis Eco Tankers (NYSE:ECO) Shares Up 4.9% – Should You Buy?

Okeanis Eco Tankers Corp. (NYSE:ECO) shot up 4.9% on Monday . The stock traded as high as $19.94 and last traded at $19.75. 77,563 shares changed hands during trading, a decline of 12% from the average session volume of 87,810 shares. The stock had previously closed at $18.83.

Okeanis Eco Tankers Trading Up 5.6 %

The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $694.42 million and a price-to-earnings ratio of 5.94. The business has a 50 day simple moving average of $24.32 and a 200-day simple moving average of $29.07.

Okeanis Eco Tankers (NYSE:ECO) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.36. Okeanis Eco Tankers had a net margin of 29.25% and a return on equity of 27.19%. The business had revenue of $84.93 million for the quarter, compared to analyst estimates of $74.61 million. On average, equities analysts predict that Okeanis Eco Tankers Corp. will post 3.19 earnings per share for the current year.

Okeanis Eco Tankers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, November 18th. This represents a $1.80 annualized dividend and a dividend yield of 8.34%. Okeanis Eco Tankers’s dividend payout ratio is presently 48.48%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ECO. Jane Street Group LLC purchased a new position in shares of Okeanis Eco Tankers in the 3rd quarter worth about $206,000. Marshall Wace LLP acquired a new stake in Okeanis Eco Tankers during the 2nd quarter worth approximately $247,000. BBR Partners LLC purchased a new position in Okeanis Eco Tankers in the third quarter valued at approximately $326,000. Acadian Asset Management LLC purchased a new position in Okeanis Eco Tankers in the second quarter valued at approximately $370,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Okeanis Eco Tankers during the third quarter valued at approximately $383,000.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.