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Ardmore Shipping Corp (NYSE:ASC) has been downgraded to Hold in a statement by BidaskClub earlier today.

BidaskClub has downgraded Ardmore Shipping Corp (NYSE:ASC) to Hold in a statement released on Saturday July 08, 2017.

Having a price of $7.85, Ardmore Shipping Corp (NYSE:ASC) traded 0.69% higher on the day. With the last close up -4.48% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the same period. Ardmore Shipping Corp has recorded a 50-day average of $7.91 and a two hundred day average of $7.59. Volume of trade was up over the average, with 168,487 shares of ASC changing hands over the typical 142,009

Performance Chart

Ardmore Shipping Corp (NYSE:ASC)

With a total market value of $0, Ardmore Shipping Corp has with a one year low of $5.00 and a one year high of $8.75 .

A total of 11 analysts have released a report on Ardmore Shipping Corp. Five analysts rating the company a strong buy, six analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $13.50.

More About Ardmore Shipping Corp (NYSE:ASC)

Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The Company's segment relates to the operations of its vessels. The Company's fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation. The Company's vessels include Ardmore Seavaliant, Ardmore Seaventure, Ardmore Seavantage, Ardmore Seavanguard, Ardmore Sealion, Ardmore Seafox, Ardmore Seahawk, Ardmore Endeavour, Ardmore Seafarer, Ardmore Seatrader, Ardmore Seamaster and Ardmore Sealeader. The Company has over 30 subsidiaries, the majority of which represent single ship-owning companies for its fleet. Its subsidiaries include Ardmore Shipping (Bermuda) Limited (ASBL), Ardmore Shipping Services (Ireland) Limited (ASSIL), Ardmore Shipping (Asia) Pte. Limited and Ardmore Shipping (Americas) LLC.

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