Market Momentum: Okeanis Eco Tankers Corp (ECO) Registers a -6.77 Decrease, Closing at 22.44

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Okeanis Eco Tankers Corp (NYSE: ECO) closed the day trading at $22.44 down -6.77% from the previous closing price of $24.07. In other words, the price has decreased by -$6.77 from its previous closing price. On the day, 0.9 million shares were traded.

Ratios:

For a better understanding of ECO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.48. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 1.69. In the meantime, Its Debt-to-Equity ratio is 1.60 whereas as Long-Term Debt/Eq ratio is at 1.48.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, B. Riley Securities on April 16, 2024, initiated with a Buy rating and assigned the stock a target price of $38.

Valuation Measures:

As of this moment, Okeanis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.18, and their Forward P/E ratio for the next fiscal year is 6.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.78 while its Price-to-Book (P/B) ratio in mrq is 1.75.

Stock Price History:

Over the past 52 weeks, ECO has reached a high of $36.69, while it has fallen to a 52-week low of $18.79. The 50-Day Moving Average of the stock is -0.45%, while the 200-Day Moving Average is calculated to be -21.65%.

Shares Statistics:

A total of 32.19M shares are outstanding, with a floating share count of 5.31M. Insiders hold about 83.13% of the company’s shares, while institutions hold 16.78% stake in the company.

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