Stabilis Solutions, Inc. (NASDAQ:SLNG – Get Free Report)’s stock price fell 2.7% on Friday . The stock traded as low as $4.01 and last traded at $4.01. 1,517 shares were traded during mid-day trading, a decline of 69% from the average session volume of 4,877 shares. The stock had previously closed at $4.12.
Analysts Set New Price Targets
Separately, TheStreet upgraded shares of Stabilis Solutions from a “d+” rating to a “c-” rating in a report on Friday, February 2nd.
Check Out Our Latest Report on Stabilis Solutions
Stabilis Solutions Price Performance
Stabilis Solutions (NASDAQ:SLNG – Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.08 EPS for the quarter. The business had revenue of $18.05 million during the quarter. Stabilis Solutions had a return on equity of 0.21% and a net margin of 0.17%.
Hedge Funds Weigh In On Stabilis Solutions
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG purchased a new position in Stabilis Solutions during the third quarter valued at $34,000. Tower Research Capital LLC TRC raised its position in shares of Stabilis Solutions by 337.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 6,910 shares of the company’s stock worth $25,000 after purchasing an additional 5,330 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Stabilis Solutions in the 4th quarter worth about $93,000. Renaissance Technologies LLC purchased a new position in shares of Stabilis Solutions in the 4th quarter worth about $130,000. Finally, Northern Trust Corp purchased a new position in shares of Stabilis Solutions in the 4th quarter worth about $114,000. Hedge funds and other institutional investors own 3.81% of the company’s stock.
Stabilis Solutions Company Profile
Stabilis Solutions, Inc, together with its subsidiaries, an energy transition company, provides clean energy production, storage, transportation, and fueling solutions primarily using liquefied natural gas (LNG) to various end markets in North America. The company offers LNG solutions to customers in aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets.
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