Stabilis Solutions, Inc. (NASDAQ:SLNG – Get Free Report) Director Edward Kuntz purchased 7,500 shares of the stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $3.89 per share, for a total transaction of $29,175.00. Following the completion of the acquisition, the director owned 69,839 shares in the company, valued at $271,673.71. This represents a 12.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Stabilis Solutions Trading Up 9.1%
Stabilis Solutions stock opened at $3.94 on Thursday. The company’s fifty day simple moving average is $3.95 and its 200-day simple moving average is $4.59. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.09. Stabilis Solutions, Inc. has a 12 month low of $3.21 and a 12 month high of $6.36. The stock has a market cap of $73.28 million, a P/E ratio of -19.70 and a beta of -0.23.
Stabilis Solutions (NASDAQ:SLNG – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.18). Stabilis Solutions had a negative net margin of 6.25% and a negative return on equity of 5.85%. The company had revenue of $10.38 million for the quarter, compared to analysts’ expectations of $12.34 million.
Institutional Investors Weigh In On Stabilis Solutions
Wall Street Analyst Weigh In
Separately, Maxim Group cut shares of Stabilis Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Stabilis Solutions presently has an average rating of “Reduce” and an average price target of $10.00.
View Our Latest Analysis on Stabilis Solutions
Stabilis Solutions Company Profile
Stabilis Solutions (NASDAQ: SLNG) is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.
In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.
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