Imperial Petroleum (NASDAQ:IMPP) Trading Down 2.3%

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

Imperial Petroleum Stock Down 2.3 %

The company has a market cap of $112.98 million, a P/E ratio of 2.71 and a beta of 1.19. The stock has a 50 day moving average price of $3.80 and a two-hundred day moving average price of $3.34.

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

Hedge Funds Weigh In On Imperial Petroleum

A number of hedge funds have recently added to or reduced their stakes in IMPP. Towerview LLC increased its stake in shares of Imperial Petroleum by 2.5% in the 4th quarter. Towerview LLC now owns 410,000 shares of the company’s stock valued at $1,082,000 after purchasing an additional 10,000 shares during the last quarter. Privium Fund Management UK Ltd bought a new position in shares of Imperial Petroleum in the 4th quarter valued at $27,000. Deuterium Capital Management LLC increased its stake in shares of Imperial Petroleum by 174.4% in the 1st quarter. Deuterium Capital Management LLC now owns 398,396 shares of the company’s stock valued at $1,247,000 after purchasing an additional 253,230 shares during the last quarter. Finally, PEAK6 Investments LLC bought a new position in shares of Imperial Petroleum in the 1st quarter valued at $108,000. Institutional investors own 94.44% of the company’s stock.

Imperial Petroleum Company Profile

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.