Toro Corp. (NASDAQ:TORO – Get Free Report) shares were down 2.2% during mid-day trading on Friday . The stock traded as low as $2.61 and last traded at $2.67. Approximately 16,739 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 32,775 shares. The stock had previously closed at $2.73.
Toro Stock Performance
The company’s 50 day moving average price is $2.91 and its 200-day moving average price is $3.08. The company has a market cap of $50.68 million, a price-to-earnings ratio of 2.52 and a beta of 1.24.
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.
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