Ardmore Shipping Corp (NYSE: ASC) stock enjoyed a major increase of 15.6% on 5/8/24. The shares closed at $20.34. Moreover, this advance was accompanied by exceptionally high trading volume at 414% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 21.4% during the last week.
Current PriceTarget Research Rating
ASC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Ardmore Shipping has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Ardmore Shipping has a slightly positive Appreciation Score of 65 and a very high Power Rating of 95, producing the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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