Ardmore Shipping Corporation (NYSE:ASC) traded today at a new 52-week high of $8.90. This new high was reached on below average trading volume as 392,000 shares traded hands, while the average 30-day volume is approximately 818,000 shares.
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. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.
Ardmore Shipping Corporation (NYSE:ASC) defies analysts with a current price ($8.74) 4.7% above its average consensus price target of $8.33.
In the past 52 weeks, Ardmore Shipping Corporation share prices are bracketed by a low of $3.07 and a high of $8.90 and is now at $8.74, 185% above that low price.
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