Imperial Petroleum (NASDAQ:IMPP) Trading Down 2.3%

Imperial Petroleum Inc. (NASDAQ:IMPP)’s share price traded down 2.3% on Monday . The company traded as low as $3.75 and last traded at $3.79. 144,977 shares were traded during mid-day trading, a decline of 73% from the average session volume of 534,594 shares. The stock had previously closed at $3.88.

Imperial Petroleum Trading Down 2.3 %

The company has a market capitalization of $112.98 million, a PE ratio of 2.71 and a beta of 1.19. The stock’s 50-day moving average is $3.80 and its two-hundred day moving average is $3.34.

Imperial Petroleum (NASDAQ:IMPP) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.50 earnings per share (EPS) for the quarter. Imperial Petroleum had a net margin of 32.64% and a return on equity of 24.08%. The firm had revenue of $41.20 million for the quarter.

Institutional Investors Weigh In On Imperial Petroleum

Several institutional investors have recently bought and sold shares of IMPP. Towerview LLC boosted its stake in Imperial Petroleum by 2.5% in the fourth quarter. Towerview LLC now owns 410,000 shares of the company’s stock valued at $1,082,000 after acquiring an additional 10,000 shares in the last quarter. Privium Fund Management UK Ltd acquired a new stake in Imperial Petroleum in the fourth quarter valued at approximately $27,000. Deuterium Capital Management LLC boosted its stake in Imperial Petroleum by 174.4% in the first quarter. Deuterium Capital Management LLC now owns 398,396 shares of the company’s stock valued at $1,247,000 after acquiring an additional 253,230 shares in the last quarter. Finally, PEAK6 Investments LLC acquired a new stake in Imperial Petroleum in the first quarter valued at approximately $108,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

About Imperial Petroleum

Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.