Ardmore Shipping Corporation with ticker code (ASC) now have 7 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 11 and 8 calculating the average target price we see 9.74. Given that the stocks previous close was at 4.84 this indicates there is a potential upside of 101.2%. The day 50 moving average is 5.56 and the 200 day MA is 6.6. The company has a market cap of $158m. You can visit the company’s website by visiting: http://ardmoreshipping.com
Ardmore Shipping Corporation, together with its subsidiaries, engages in the seaborne transportation of petroleum products and chemicals worldwide. As of August 30, 2019, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, and chemical companies. The company was founded in 2010 and is based in Pembroke, Bermuda.