Toro (NASDAQ:TORO) Issues Earnings Results

Toro (NASDAQ:TORO - Get Free Report) released its quarterly earnings results on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Toro had a return on equity of 2.46% and a net margin of 24.65%.Toro Price PerformanceNASDAQ:TORO traded up $1.46 on Friday, hitting $5.59. 8,779,307 shares of the company's stock were exchanged, compared to its average volume of 148,140. The firm has a 50-day moving average price of $3.88 and a 200-day moving average price of $3.03. Toro has a 52 week low of $1.70 and a 52 week high of $5.66. The company has a market cap of $120.08 million, a P/E ratio of 279.74 and a beta of 1.28. Analysts Set New Price TargetsSeparately, Weiss Ratings reiterated a "sell (d)" rating on shares of Toro in a report on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of "Sell".Get Our Latest Stock Analysis on ToroInstitutional Trading of ToroA hedge fund recently bought a new stake in Toro stock. Group One Trading LLC purchased a new stake in Toro Corp. (NASDAQ:TORO - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 22,265 shares of the company's stock, valued at approximately $70,000. Group One Trading LLC owned about 0.12% of Toro at the end of the most recent reporting period. 1.74% of the stock is currently owned by hedge funds and other institutional investors. Toro Company Profile (Get Free Report)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.Read MoreFive stocks we like better than ToroP/E Ratio Calculation: How to Assess StocksWill Crypto Miners Pivot to AI? Latest on 3 Key PlayersWhat Are Treasury Bonds?Salesforce Stock Is Coiled Like a Spring and Ready to ReboundThe Most Important Warren Buffett Stock for Investors: His OwnMarvell's Rally Extends: Data Centers and AMZN Chips Boost SharesThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Toro Right Now?Before you consider Toro, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Toro wasn't on the list.While Toro currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here