Ardmore Shipping Corporation (ASC) had a rough trading day for Monday January 14 as shares tumbled 7.34%, or a loss of $-0.38 per share, to close at $4.80. After opening the day at $5.10, shares of Ardmore Shipping Corporation traded as high as $5.15 and as low as $4.79. Volume was 127,326 shares over 927 trades, against an average daily volume of 205,797 shares and a total float of 33.1 million.
As a result of the decline, Ardmore Shipping Corporation now has a market cap of $158.87 million. In the last year, shares of Ardmore Shipping Corporation have traded between a range of $8.75 and $4.22, and its 50-day SMA is currently $5.88 and 200-day SMA is $7.06.
Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. The company’s main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.
Ardmore Shipping Corporation is based out of Hamilton, and has some 1,106 employees. Its CEO is Anthony Gurnee.