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

Okeanis Eco Tankers Corp. (NYSE:ECO) shares saw an uptick in trading volume on Friday . 139,240 shares were traded during trading, an increase of 56% from the previous session’s volume of 89,389 shares.The stock last traded at $21.24 and had previously closed at $20.91.

Okeanis Eco Tankers Price Performance

The business has a fifty day moving average of $23.67 and a 200 day moving average of $28.88. The stock has a market cap of $675.43 million and a PE ratio of 5.78. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.69 and a quick ratio of 1.34.

Okeanis Eco Tankers (NYSE:ECO) last issued 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. Okeanis Eco Tankers had a return on equity of 27.19% 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. Sell-side analysts anticipate that Okeanis Eco Tankers Corp. will post 3.19 earnings per share for the current year.

Okeanis Eco Tankers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.58%. The ex-dividend date was Monday, November 18th. Okeanis Eco Tankers’s dividend payout ratio (DPR) is 48.48%.

Hedge Funds Weigh In On Okeanis Eco Tankers

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC raised its holdings in Okeanis Eco Tankers by 123.9% during the second quarter. Hsbc Holdings PLC now owns 178,056 shares of the company’s stock worth $5,692,000 after purchasing an additional 98,528 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new stake in Okeanis Eco Tankers during the second quarter valued at approximately $2,086,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Okeanis Eco Tankers in the second quarter worth approximately $1,767,000. Quadrature Capital Ltd purchased a new stake in shares of Okeanis Eco Tankers during the 3rd quarter worth about $1,169,000. Finally, Wexford Capital LP lifted its holdings in shares of Okeanis Eco Tankers by 7.1% during the 3rd quarter. Wexford Capital LP now owns 22,204 shares of the company’s stock valued at $728,000 after buying an additional 1,472 shares during the last quarter.

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.