Toro (NASDAQ:TORO) Issues Quarterly Earnings Results

Toro (NASDAQ:TORO) released its earnings results on Tuesday. The company reported ($0.01) earnings per share for the quarter, Zacks reports. Toro had a return on equity of 17.16% and a net margin of 176.49%.

Toro Trading Down 25.0 %

TORO stock traded down $0.59 during trading hours on Tuesday, hitting $1.77. 70,616 shares of the stock traded hands, compared to its average volume of 36,433. The stock has a 50-day simple moving average of $2.47 and a 200 day simple moving average of $2.80. The company has a market cap of $33.59 million, a P/E ratio of 1.67 and a beta of 1.26. Toro has a one year low of $1.69 and a one year high of $4.85.

Toro Company Profile

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.