Okeanis Eco Tankers (NYSE:ECO) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Okeanis Eco Tankers Corp. (NYSE:ECO) saw unusually-high trading volume on Monday . Approximately 53,659 shares changed hands during mid-day trading, a decline of 28% from the previous session’s volume of 74,547 shares.The stock last traded at $24.14 and had previously closed at $23.21.

Okeanis Eco Tankers Stock Performance

The stock’s 50 day moving average is $30.40 and its two-hundred day moving average is $31.45. The stock has a market capitalization of $783.28 million and a price-to-earnings ratio of 6.52. The company has a current ratio of 1.48, a quick ratio of 1.23 and a debt-to-equity ratio of 1.37.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.36. Okeanis Eco Tankers had a return on equity of 27.00% and a net margin of 29.25%. The business had revenue of $84.93 million during the quarter, compared to the consensus estimate of $74.61 million. 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, November 18th. This represents a $1.80 annualized dividend and a dividend yield of 7.40%. Okeanis Eco Tankers’s dividend payout ratio is currently 48.48%.

Institutional Trading of Okeanis Eco Tankers

Institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in Okeanis Eco Tankers in the 3rd quarter valued at $383,000. Jane Street Group LLC bought a new position in shares of Okeanis Eco Tankers in the 3rd quarter valued at about $206,000. Wexford Capital LP grew its holdings in shares of Okeanis Eco Tankers by 7.1% in the 3rd quarter. Wexford Capital LP now owns 22,204 shares of the company’s stock valued at $728,000 after acquiring an additional 1,472 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Okeanis Eco Tankers in the third quarter valued at about $1,169,000. Finally, PDT Partners LLC boosted its position in Okeanis Eco Tankers by 61.5% during the third quarter. PDT Partners LLC now owns 20,254 shares of the company’s stock valued at $663,000 after purchasing an additional 7,715 shares during the last quarter.

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.