Ardmore Shipping: Appealing Again At A Massive Discount And Attractive Yield; Rating Upgrade
Portfolio Pulse from
Ardmore Shipping has been upgraded due to its appealing valuation, massive discount, and attractive yield. The company reported higher revenue, EBITDA, and EPS in Q3 compared to Q3 2023. Ardmore holds $47.6 million in cash and has a Total Debt-to-Equity ratio of 8.1%.
November 19, 2024 | 7:30 am
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POSITIVE IMPACT
Ardmore Shipping has been upgraded due to its appealing valuation, massive discount, and attractive yield. The company reported higher revenue, EBITDA, and EPS in Q3 compared to Q3 2023.
The upgrade in rating and the positive financial results for Q3, including higher revenue, EBITDA, and EPS, suggest a positive outlook for Ardmore Shipping. The company's strong cash position and low debt further enhance its financial stability, making it an attractive investment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100