Hafnia Limited (NYSE:HAFN – Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 1,172,531 shares traded hands during trading, an increase of 98% from the previous session’s volume of 590,947 shares.The stock last traded at $5.24 and had previously closed at $5.17.
Hafnia Stock Up 1.2 %
The company has a 50-day moving average of $6.78 and a 200-day moving average of $7.58. The company has a market capitalization of $2.65 billion and a price-to-earnings ratio of 3.33. The company has a current ratio of 1.49, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33.
Hafnia (NYSE:HAFN – Get Free Report) last announced its quarterly earnings data on Friday, August 23rd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The business had revenue of $417.36 million for the quarter, compared to analyst estimates of $387.14 million. Hafnia had a return on equity of 34.28% and a net margin of 47.30%. On average, equities analysts predict that Hafnia Limited will post 1.59 earnings per share for the current fiscal year.
Hafnia Increases Dividend
Hedge Funds Weigh In On Hafnia
Hedge funds have recently bought and sold shares of the business. Mondrian Investment Partners LTD purchased a new position in shares of Hafnia in the second quarter valued at approximately $43,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Hafnia in the second quarter valued at approximately $60,000. Prudential PLC acquired a new stake in shares of Hafnia in the second quarter valued at approximately $100,000. TD Asset Management Inc acquired a new stake in shares of Hafnia in the second quarter valued at approximately $148,000. Finally, XTX Topco Ltd acquired a new stake in shares of Hafnia in the second quarter valued at approximately $183,000.
About Hafnia
Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.
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