BW LPG (NYSE:BWLP) Sees Strong Trading Volume – Should You Buy?

BW LPG Limited (NYSE:BWLP) shares saw an uptick in trading volume on Wednesday . 120,100 shares were traded during mid-day trading, a decline of 35% from the previous session’s volume of 183,977 shares.The stock last traded at $12.31 and had previously closed at $12.83.

BW LPG Trading Down 3.7 %

The business’s fifty day moving average price is $13.93 and its 200 day moving average price is $15.82. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 1.63.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BWLP. Avior Wealth Management LLC bought a new stake in shares of BW LPG during the 3rd quarter valued at about $43,000. Centiva Capital LP acquired a new stake in shares of BW LPG during the 3rd quarter worth approximately $183,000. Plato Investment Management Ltd bought a new stake in shares of BW LPG in the 3rd quarter valued at $207,000. HighTower Advisors LLC acquired a new stake in BW LPG in the third quarter worth $219,000. Finally, Optimum Investment Advisors increased its stake in BW LPG by 644.0% in the third quarter. Optimum Investment Advisors now owns 18,600 shares of the company’s stock valued at $268,000 after purchasing an additional 16,100 shares in the last quarter.

BW LPG Company Profile

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.