Imperial Petroleum Inc. (NASDAQ:IMPP – Get Rating)'s stock price fell 2.9% during mid-day trading on Monday . The company traded as low as $0.27 and last traded at $0.27. 2,725,591 shares were traded during trading, a decline of 40% from the average session volume of 4,574,630 shares. The stock had previously closed at $0.27.

Imperial Petroleum Stock Down 2.9 %

The stock has a 50-day moving average of $0.29 and a 200-day moving average of $0.35. The company has a debt-to-equity ratio of 2.06, a current ratio of 5.72 and a quick ratio of 5.34. The firm has a market cap of $38.12 million and a price-to-earnings ratio of -0.99.

Institutional Trading of Imperial Petroleum

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new stake in Imperial Petroleum during the 2nd quarter worth about $37,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Imperial Petroleum in the 2nd quarter valued at about $42,000. Millennium Management LLC acquired a new stake in shares of Imperial Petroleum in the 2nd quarter valued at about $25,000. Barclays PLC grew its stake in shares of Imperial Petroleum by 16,005.1% in the 3rd quarter. Barclays PLC now owns 251,562 shares of the company's stock valued at $82,000 after buying an additional 250,000 shares during the period. Finally, UBS Group AG grew its stake in shares of Imperial Petroleum by 185.2% in the 3rd quarter. UBS Group AG now owns 84,224 shares of the company's stock valued at $27,000 after buying an additional 54,688 shares during the period. 3.01% of the stock is currently owned by institutional investors and hedge funds.

About Imperial Petroleum

Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals; and crude oils. As of March 29, 2022, the company owned four medium range refined petroleum product tankers and one Aframax crude oil tanker with a total capacity of 305,804 deadweight tons.

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