Imperial Petroleum (NASDAQ:IMPP) Trading Up 4%

Imperial Petroleum Inc. (NASDAQ:IMPP)’s stock price shot up 4% during mid-day trading on Friday . The stock traded as high as $3.93 and last traded at $3.92. 207,074 shares were traded during trading, a decline of 55% from the average session volume of 459,475 shares. The stock had previously closed at $3.77.

Imperial Petroleum Stock Performance

The company has a 50-day moving average price of $3.81 and a 200-day moving average price of $3.58. The firm has a market capitalization of $116.87 million, a price-to-earnings ratio of 2.80 and a beta of 1.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IMPP. Privium Fund Management UK Ltd acquired a new position in shares of Imperial Petroleum during the 4th quarter worth about $27,000. Marshall Wace LLP acquired a new position in shares of Imperial Petroleum during the 2nd quarter worth about $48,000. PEAK6 Investments LLC acquired a new position in shares of Imperial Petroleum during the 1st quarter worth about $108,000. Cubist Systematic Strategies LLC acquired a new position in shares of Imperial Petroleum during the 2nd quarter worth about $119,000. Finally, Deuterium Capital Management LLC boosted its position in shares of Imperial Petroleum by 174.4% during the 1st quarter. Deuterium Capital Management LLC now owns 398,396 shares of the company’s stock worth $1,247,000 after acquiring an additional 253,230 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Imperial Petroleum Company Profile

Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.