Ardmore Shipping: Strong Buy Driven By Market Outlook And Company Fundamentals
ASCArdmore Shipping(ASC) Seeking Alpha·2024-08-13 18:16
CHUNYIP WONG/E+ via Getty Images A couple of weeks ago, on July 31st, 2024, Ardmore Shipping Corporation (NYSE:ASC) – a product and chemical tanker operator - released its earnings report for the second quarter of 2024. Both revenues and net income surpassed analysts' expectations, leading to a roughly 4% increase in the stock price on the same trading day. In this article, I will provide an overview of Ardmore Shipping—a company I have not previously covered—and offer my rating recommendation. If you'r ...