Shares in Ardmore Shipping fell sharply Wednesday after the products tanker owner announced a lower dividend and reported earnings that were slightly worse than expected.
But analysts said the slump represents a buying opporunity.
The Ireland-based outfit saw its stock price plunge 10.3% to $8.75 at the close on the New York Stock Exchange. The drop amounted to a $32.6m plunge in market capitalisation.
Decline
