Streetbeat News

TORO

Toro Corp.

https://www.torocorp.com

Industry

Marine Shipping

Toro Corp. acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil and refined petroleum products worldwide. The company operates through Aframax/LR2 tanker and Handysize tanker segments. It operates a fleet of eight tanker vessels with an aggregate cargo carrying capacity of 0.7 million dwt. The company was incorporated in 2022 and is headquartered in Limassol, Cyprus.

Open

3.19

Mkt cap

59M

Volume

118K

High

3.19

P/E Ratio

0.83

52-wk high

6.45

Low

2.84

Div yield

N/A

52-wk low

2.25

In Thursday's after-market session, several industrial stocks saw movement. ShiftPixy (PIXY), Air Industries (AIRI), TPI Composites (TPIC), JanOne (JAN), Advent Technologies Hldgs (ADN), and AgEagle Aerial Sys (UAVS) experienced gains, while Gates Industrial Corp (GTES), Controladora Vuela (VLRS), Toro (TORO), Seanergy Maritime Hldgs (SHIP), Intuitive Machines (LUNR), and iSun (ISUN) saw declines. The movements were attributed to market reactions to various company-specific news, including Q3 earnings for Air Industries.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 9:31 pm

Toro reported Q3 earnings of $0.79 per share, a 54.9% increase YoY. However, sales decreased by 66.3% to $10.53 million compared to $31.25 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:19 pm

In Thursday's after-market session, several industrials stocks saw significant movement. Gainers included Vertical Aerospace (EVTL), Ultralife (ULBI), Toro (TORO), Byrna Technologies (BYRN), Blade Air Mobility (BLDE), and noco-noco (NCNC). Losers included Hyliion Holdings (HYLN), Gaucho Group Holdings (VINO), Advent Technologies Hldgs (ADN), TD Hldgs (GLG), Shengfeng Development (SFWL), and iSun (ISUN).

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 9:31 pm

Toro Corp. (NASDAQ:TORO) has announced the sale of two tankers, M/T Wonder Formosa and M/T Wonder Vega, for a total of $49.5M. The company expects a net gain of $26.7M from these sales, excluding transaction-related costs. The vessels are expected to be delivered to their new owners in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:02 pm

During Wednesday's intraday session, several industrials stocks experienced significant movements. Gainers included VCI Global (VCIG), TD Hldgs (GLG), Laser Photonics (LASE), Heliogen (HLGN), Graphex Gr (GRFX), and Toro (TORO). Losers included Orbital Infr Gr (OIG), Sidus Space (SIDU), Mega Matrix (MPU), 1847 Holdings (EFSH), Ultralife (ULBI), and Capstone Green Energy (CGRN).

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 5:31 pm

Several industrial stocks experienced significant movement in Thursday's after-market session. Greenland Technologies, ShiftPixy, Polar Power, Nxu, voxeljet, and Sidus Space saw gains, while Recruiter.Com Group, Nuburu, Freight Technologies, JE Cleantech Hldgs, Toro, and Southland Holdings experienced losses. Q2 earnings reports were recently released for several of these companies.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 9:32 pm

Several industrial stocks experienced significant movement in Friday's after-market session. Gainers included Spire Global, Proterra, SOS, Recruiter.Com Group, EnerSys, and Addentax Group. Losers included WANG & LEE Group, Singularity Future Tech, Gaucho Group Holdings, Momentus, TOMI Environmental Solns, and Toro. Several companies had recently released their Q2 earnings.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 9:32 pm

Toro (NASDAQ:TORO) reported Q2 earnings of $0.92 per share, a 820% increase YoY. However, sales decreased by 3.57% to $24.86 million from $25.78 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:14 pm

The article lists potential short squeeze stocks to watch, including Toro Corp, Bullfrog AI Holdings, Tupperware, and Blue Apron among others. High short interest and steep borrowing costs are common traits that could lead to a short squeeze. Toro Corp tops the leaderboard with 41.7% of the float short and a borrowing cost of 24.0%. Other notable mentions include Apollomics, Healthcare Triangle Inc, Greenidge Generation Holdings, Dragonfly Energy Holdings Corp, Getty Images Holdings, JOANN Inc, and Tupperware Brands Corp.

Portfolio Pulse from Chris Katje

July 31, 2023 | 2:02 pm

During Wednesday's intraday session, several industrial stocks experienced significant movements. Notable gainers included Vicor, AERWINS Technologies, Fathom Digital Mfg, Sarcos Technology, Toro, and C3is. On the other hand, SunPower, Healthcare Services Group, Momentus, Energy Focus, Gaucho Group Holdings, and Safe & Green Holdings saw their stock prices decrease.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:30 pm

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