Ardmore Shipping (NYSE:ASC) Shares Gap Down – What’s Next?

Posted by Brenda Bartman on Nov 5th, 2026

Shares of Ardmore Shipping Corporation (NYSE:ASC – Get Free Report) gapped down prior to trading on Tuesday. The stock had previously closed at $19.56, but opened at $17.82. Ardmore Shipping shares last traded at $18.4550, with a volume of 187,944 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ASC. Wall Street Zen downgraded shares of Ardmore Shipping from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 31st. Evercore reiterated an “outperform” rating and set a $22.00 price target on shares of Ardmore Shipping in a research report on Tuesday, October 27th. Finally, Weiss Ratings raised shares of Ardmore Shipping from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 22nd. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $22.00.

View Our Latest Research Report on ASC

Ardmore Shipping Stock Down 7.9%

The firm’s fifty day moving average is $18.85 and its 200-day moving average is $16.65. The company has a market capitalization of $692.92 million, a P/E ratio of 6.32 and a beta of 0.15. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.84 and a current ratio of 5.45.

Ardmore Shipping (NYSE:ASC – Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The shipping company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. Ardmore Shipping had a net margin of 30.11% and a return on equity of 15.51%. The business had revenue of $87.71 million during the quarter, compared to the consensus estimate of $56.67 million.

Ardmore Shipping Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 6.3%. This is a drop from Ardmore Shipping’s previous quarterly dividend of $0.79. The ex-dividend date is Friday, November 27th. Ardmore Shipping’s dividend payout ratio (DPR) is currently 40.15%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ASC. Parallel Advisors LLC boosted its position in Ardmore Shipping by 51.0% during the 3rd quarter. Parallel Advisors LLC now owns 1,749 shares of the shipping company’s stock worth $33,000 after buying an additional 591 shares during the period. Legal & General Group Plc bought a new stake in Ardmore Shipping during the 2nd quarter worth approximately $49,000. Farther Finance Advisors LLC increased its position in Ardmore Shipping by 49.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,309 shares of the shipping company’s stock valued at $80,000 after acquiring an additional 1,429 shares during the period. EverSource Wealth Advisors LLC increased its position in Ardmore Shipping by 10.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,358 shares of the shipping company’s stock valued at $112,000 after acquiring an additional 680 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in Ardmore Shipping by 464.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,320 shares of the shipping company’s stock valued at $118,000 after acquiring an additional 5,200 shares during the period. 62.22% of the stock is currently owned by institutional investors.

About Ardmore Shipping

(Get Free Report)

Ardmore Shipping Corporation (NYSE: ASC) is a maritime transportation company that owns and operates a fleet of product and chemical tankers. The company provides seaborne transportation services for refined petroleum products, such as gasoline, diesel and jet fuel, as well as certain chemicals and other liquid cargoes.

Ardmore’s vessels primarily serve international trade routes, transporting cargoes between major energy and industrial markets. Its operations include commercial management, chartering and technical management of its fleet, with an emphasis on safe, efficient and environmentally responsible maritime transportation.

Founded in 2010, Ardmore Shipping is headquartered in Hamilton, Bermuda.