Toro (NASDAQ:TORO) Issues Earnings Results

by · The Markets Daily

Toro (NASDAQ:TORO – Get Free Report) released its quarterly earnings results on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Toro had a return on equity of 2.46% and a net margin of 24.65%.

Toro Price Performance

NASDAQ:TORO traded up $1.46 on Friday, hitting $5.59. 8,779,307 shares of the company’s stock were exchanged, compared to its average volume of 148,140. The firm has a 50-day moving average price of $3.88 and a 200-day moving average price of $3.03. Toro has a 52 week low of $1.70 and a 52 week high of $5.66. The company has a market cap of $120.08 million, a P/E ratio of 279.74 and a beta of 1.28.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Toro in a report on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Get Our Latest Stock Analysis on Toro

Institutional Trading of Toro

A hedge fund recently bought a new stake in Toro stock. Group One Trading LLC purchased a new stake in Toro Corp. (NASDAQ:TORO – Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 22,265 shares of the company’s stock, valued at approximately $70,000. Group One Trading LLC owned about 0.12% of Toro at the end of the most recent reporting period. 1.74% of the stock is currently owned by hedge funds and other institutional investors.

Toro Company Profile

(Get Free Report)

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.

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