ASC - Watch for Continued Gains in Shares of Ardmore Shipping Corporation (ASC)
Shares of Ardmore Shipping Corporation (NYSE:ASC) traded at a new 52-week high today of $7.64. So far today approximately 245,000 shares have been exchanged, as compared to an average 30-day volume of 557,000 shares.
There is potential upside of 0.6% for shares of Ardmore Shipping Corporation based on a current price of $7.39 and an average consensus analyst price target of $7.44.
In the past 52 weeks, shares of Ardmore Shipping Corporation have traded between a low of $3.07 and a high of $7.64 and is now at $7.39, which is 141% above that low price.
Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.
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