Okeanis Eco Tankers (NYSE:ECO) Sees Unusually-High Trading Volume – What’s Next?

Okeanis Eco Tankers Corp. (NYSE:ECO) saw unusually-strong trading volume on Thursday . Approximately 146,594 shares traded hands during mid-day trading, an increase of 63% from the previous session’s volume of 90,200 shares.The stock last traded at $22.10 and had previously closed at $21.26.

Okeanis Eco Tankers Trading Down 1.9 %

The company’s 50 day simple moving average is $22.57 and its 200 day simple moving average is $28.44. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.69 and a quick ratio of 1.34. The firm has a market cap of $681.23 million and a price-to-earnings ratio of 5.83.

Okeanis Eco Tankers (NYSE:ECO) last released its earnings results on Friday, November 8th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.09 by $0.36. The firm had revenue of $84.93 million during the quarter, compared to analysts’ expectations of $74.61 million. Okeanis Eco Tankers had a return on equity of 27.19% and a net margin of 29.25%. As a group, research analysts expect that Okeanis Eco Tankers Corp. will post 3.19 earnings per share for the current fiscal year.

Okeanis Eco Tankers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.51%. Okeanis Eco Tankers’s payout ratio is 48.48%.

Institutional Inflows and Outflows

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

Okeanis Eco Tankers Company Profile

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.