August 1, 2016 - 4:08 PM EDT
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Early Loss of 1.69% for StealthGas Inc. (GASS) on August 1 Drags on Services Sector

StealthGas Inc. (GASS) started the trading day on a down note, making it one of the worst performing stocks in the services sector of NYSE and NASDAQ listed companies shortly after the opening bell on August 1. Shares of GASS have fallen 1.69% about 30 minutes into the session to $3.5 after closing the day prior at $3.56. It’s early, but the stock has traded as high as $3.51 and as low as $3.48 so far. Today's quick decline has come with about 2,733 shares changing hands, compared to an average 30-day volume of 34,486 for StealthGas Inc.. The price is currently below the 30-day volume weighted average price of $3.5 for GASS. The share depreciation gives the company a market capitalization of $144.24 million based upon 40.52 million shares outstanding. It also means that GASS has a price-to-book ratio of 0.25:1. In the past 52 weeks, shares of GASS have traded as low as $2.39 and as high as $5.64. Technical traders will take note that at $3.5, shares of GASS are trading below their 200-day MA at $3.7 and below their 50-day MA at $3.99. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish. Who is GASS? StealthGas Inc through its subsidiaries owns a fleet of LPG carriers that provides seaborne transportation services to LPG producers and users. It also provides crude oil and product carriers chartered to oil producers, refiners and commodities traders. The company’s 905 employees are led by CEO Harry N. Vafias from the corporate headquarters at 331 Kifissias Avenue in Athens, . For more information on GASS and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit today. All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. is not responsible for inaccuracies in third-party supplied information. About is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.

Source: Financial Press News (August 1, 2016 - 4:08 PM EDT)

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