Toro (NASDAQ:TORO) Trading Up 0.9% – Time to Buy?

Shares of Toro Corp. (NASDAQ:TORO) rose 0.9% during mid-day trading on Monday . The stock traded as high as $3.37 and last traded at $3.25. Approximately 17,344 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 40,448 shares. The stock had previously closed at $3.22.

Toro Stock Performance

The firm has a market capitalization of $58.65 million, a PE ratio of 2.92 and a beta of 1.24. The company has a fifty day moving average price of $2.81 and a 200-day moving average price of $3.22.

Toro (NASDAQ:TORO) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter. The business had revenue of $5.32 million during the quarter. Toro had a net margin of 176.49% and a return on equity of 17.16%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Toro stock. Renaissance Technologies LLC boosted its position in shares of Toro Corp. (NASDAQ:TORO) by 13.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,659 shares of the company’s stock after buying an additional 9,459 shares during the quarter. Renaissance Technologies LLC owned approximately 0.41% of Toro worth $311,000 at the end of the most recent reporting period. Institutional investors own 1.74% of the company’s stock.

Toro Company Profile

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.