Robin Energy (NASDAQ:RBNE) Stock Falls 23.6% – Time to Sell?

Robin Energy Ltd. (NASDAQ:RBNE – Get Free Report) fell 23.6% on Tuesday. The company traded as low as $0.3502 and last traded at $0.3978. 745,132 shares were traded during mid-day trading, an increase of 514% from the average daily volume of 121,314 shares. The stock had previously closed at $0.5210.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Robin Energy in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Robin Energy currently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on RBNE

Robin Energy Stock Performance

The business has a fifty day moving average price of $2.29 and a 200 day moving average price of $10.18. The company has a market capitalization of $259,350.00, a PE ratio of 0.04 and a beta of 1.38.

Robin Energy (NASDAQ:RBNE – Get Free Report) last issued its earnings results on Wednesday, September 23rd. The company reported $2.03 earnings per share (EPS) for the quarter. Robin Energy had a return on equity of 21.48% and a net margin of 39.36%. The business had revenue of $2.60 million during the quarter.

Robin Energy Company Profile

(Get Free Report)

Robin Energy Ltd. (NASDAQ: RBNE) is a maritime transportation company focused on the ownership and operation of tanker vessels. The company provides seaborne transportation services for energy products, including refined petroleum products and other liquid cargoes.

Its vessels serve the international energy shipping market, transporting cargoes between ports and supporting global supply chains. Robin Energy’s business is exposed to shipping demand, vessel utilization, charter rates and conditions in the broader energy and maritime markets.

Publicly available information about Robin Energy’s corporate history, leadership team and detailed fleet operations is limited.

See Also

Receive News & Ratings for Robin Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robin Energy and related companies with MarketBeat.com's FREE daily email newsletter.