Toro (NASDAQ:TORO) Trading 0.9% Higher – Here’s What Happened

Toro Corp. (NASDAQ:TORO)’s share price shot up 0.9% during trading on Monday . The company traded as high as $3.37 and last traded at $3.25. 17,344 shares changed hands during trading, a decline of 57% from the average session volume of 40,448 shares. The stock had previously closed at $3.22.

Toro Stock Up 0.9 %

The firm has a market cap of $61.69 million, a PE ratio of 3.07 and a beta of 1.24. The company has a 50-day simple moving average of $2.81 and a two-hundred day simple moving average of $3.23.

Institutional Investors Weigh In On Toro

An institutional investor recently raised its position in Toro stock. Renaissance Technologies LLC lifted its position in Toro Corp. (NASDAQ:TORO) by 13.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,659 shares of the company’s stock after purchasing an additional 9,459 shares during the quarter. Renaissance Technologies LLC owned about 0.41% of Toro worth $311,000 at the end of the most recent quarter. Institutional investors and hedge funds own 1.74% of the company’s stock.

About Toro

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.