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Ardmore Shipping Corp (ASC-N)
NYSE:ASC
9.85
0.16
(1.65%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 1 opinions in the last 12 months.
Ardmore Shipping Corp (ASC-N), a player in the midsized tanker sector focused on refined petroleum and chemicals, has made significant strides in managing its operational costs, achieving a 30% reduction to navigate challenging market conditions. This operational efficiency has contributed to sustained growth in cash reserves while strategically reducing debt levels. With a strong dividend supported by a modest payout ratio of under 40% of cash flow, the company is positioning itself well for future growth. Analysts have set a target price of $17.00, indicating a potential upside of 41%, making it an attractive investment opportunity in the shipping sector. Investors are advised to set a stop-loss at $8.50, enhancing their risk management strategy.
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Ardmore Shipping Corp(ASC-N) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Ardmore Shipping Corp(ASC-N) Frequently Asked Questions
What is Ardmore Shipping Corp stock symbol?
Ardmore Shipping Corp is a American stock, trading under the symbol ASC-N on the New York Stock Exchange (ASC). It is usually referred to as NYSE:ASC or ASC-N
Is Ardmore Shipping Corp a buy or a sell?
In the last year, there was no coverage of Ardmore Shipping Corp published on Stockchase.
Is Ardmore Shipping Corp a good investment or a top pick?
Ardmore Shipping Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Ardmore Shipping Corp.
Why is Ardmore Shipping Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Ardmore Shipping Corp worth watching?
In the last year, there was no coverage of Ardmore Shipping Corp published on Stockchase.
What is Ardmore Shipping Corp stock price?
On 2025-03-13, Ardmore Shipping Corp (ASC-N) stock closed at a price of $9.85.
This operator of midsized tankers used for refined petroleum and chemicals has reduced its daily cost of operations by 30% to deal with tight market conditions. This has allowed the company to generate growth in cash reserves, while retiring debt. The healthy dividend is backed by a payout ratio under 40% of cash flow. We recommend setting a stop-loss at $8.50, looking to achieve $17.00 — upside potential of 41%. Yield 8.6%
(Analysts’ price target is $17.00)