Robin Energy (NASDAQ:RBNE) Stock Price Down 0.8% – Here’s What Happened

Robin Energy Ltd. (NASDAQ:RBNE)’s share price traded down 0.8% during mid-day trading on Tuesday. The company traded as low as $2.34 and last traded at $2.34. Approximately 5,004 shares traded hands during trading, a decline of 83% from the average session volume of 29,918 shares. The stock had previously closed at $2.36.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Robin Energy in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Robin Energy presently has an average rating of “Sell”.

Robin Energy Trading Down 3.8%

The stock has a market capitalization of $3.06 million, a price-to-earnings ratio of 25.30 and a beta of 1.56. The firm has a 50-day moving average of $2.66 and a 200 day moving average of $13.14.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Robin Energy stock. Empery Asset Management LP purchased a new stake in shares of Robin Energy Ltd. (NASDAQ:RBNE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 301,072 shares of the company’s stock, valued at approximately $882,000. Robin Energy accounts for approximately 0.8% of Empery Asset Management LP’s investment portfolio, making the stock its 14th largest holding. Empery Asset Management LP owned approximately 10.71% of Robin Energy at the end of the most recent reporting period.

About Robin Energy

Robin Energy Ltd. (NASDAQ: RBNE) is a maritime transportation company focused on the ownership and operation of tanker vessels. The company provides seaborne transportation services for energy products, including crude oil and refined petroleum products.

Through its tanker fleet, Robin Energy serves the international energy and shipping markets, transporting cargoes between ports in various global trading regions. Its business is influenced by demand for oil transportation, fleet utilization, vessel operating costs and conditions in the tanker charter market.

Robin Energy is headquartered in Greece and operates as an international shipping company.