StealthGas, Inc. (GASS) was a big mover last session, as its shares rose over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the company, as the stock is now trading above the volatile price range of $9.90 to $10.96 in the past one-month time frame.
The company has seen estimate revisions of 3 decreases and 2 increases in the past month, while the Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher can last.
StealthGas currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Other better-ranked stocks in the shipping industry include China COSCO Holdings Company Limited (CICOY), Euroseas, Ltd. (ESEA) and Global Ship Lease, Inc. (GSL). All these stocks sport a Zacks Rank #2 (Buy).
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