Okeanis Eco Tankers (NYSE:ECO) Reaches New 52-Week Low – Should You Sell?

Shares of Okeanis Eco Tankers Corp. (NYSE:ECO) reached a new 52-week low during trading on Monday . The company traded as low as $22.80 and last traded at $23.00, with a volume of 89704 shares. The stock had previously closed at $23.58.

Okeanis Eco Tankers Stock Down 2.5 %

The firm has a market capitalization of $740.05 million and a price-to-earnings ratio of 6.50. 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 firm has a 50 day moving average price of $29.72 and a two-hundred day moving average price of $31.17.

Okeanis Eco Tankers (NYSE:ECO) last released its quarterly earnings results on Friday, November 8th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.36. The business had revenue of $84.93 million during the quarter, compared to analyst estimates of $74.61 million. Okeanis Eco Tankers had a net margin of 29.25% and a return on equity of 27.19%. On average, equities 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.83%. The ex-dividend date of this dividend is Monday, November 18th. Okeanis Eco Tankers’s dividend payout ratio (DPR) is 48.48%.

Hedge Funds Weigh In On Okeanis Eco Tankers

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC bought a new stake in shares of Okeanis Eco Tankers during the 3rd quarter worth $206,000. Marshall Wace LLP purchased a new position in Okeanis Eco Tankers during the second quarter valued at approximately $247,000. BBR Partners LLC acquired a new position in shares of Okeanis Eco Tankers in the third quarter worth $326,000. Acadian Asset Management LLC acquired a new position in Okeanis Eco Tankers during the second quarter worth $370,000. Finally, Public Employees Retirement System of Ohio bought a new position in Okeanis Eco Tankers during the third quarter valued at about $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.