Okeanis Eco Tankers (NYSE:ECO) Sees Unusually-High Trading Volume – Time to Buy?

Okeanis Eco Tankers Corp. (NYSE:ECO) shares saw strong trading volume on Friday . 139,240 shares changed hands during mid-day 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 stock’s fifty day moving average is $23.67 and its 200-day moving average is $28.88. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.69 and a quick ratio of 1.34. The stock has a market capitalization of $675.43 million and a P/E ratio of 5.78.

Okeanis Eco Tankers (NYSE:ECO) last released its quarterly earnings results on Friday, November 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.09 by $0.36. The business had revenue of $84.93 million for the quarter, compared to analysts’ expectations of $74.61 million. Okeanis Eco Tankers had a net margin of 29.25% and a return on equity of 27.19%. On average, equities analysts anticipate that Okeanis Eco Tankers Corp. will post 3.19 earnings per share for the current year.

Okeanis Eco Tankers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.80 annualized dividend and a dividend yield of 8.58%. Okeanis Eco Tankers’s payout ratio is currently 48.48%.

Institutional Investors Weigh In On Okeanis Eco Tankers

Several large investors have recently bought and sold shares of ECO. Jane Street Group LLC acquired a new stake in Okeanis Eco Tankers during the 3rd quarter worth $206,000. Marshall Wace LLP acquired a new stake in Okeanis Eco Tankers during the 2nd quarter worth approximately $247,000. BBR Partners LLC bought a new position in Okeanis Eco Tankers in the third quarter valued at approximately $326,000. Acadian Asset Management LLC bought a new stake in shares of Okeanis Eco Tankers during the second quarter worth $370,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Okeanis Eco Tankers during the third quarter worth $383,000.

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.