Analyst Michael Webber has placed an outperform rating in the New York-listed company amid an improving picture for the products market and a growing fleet.
While Webber feels the limited trading volume in the stock and a $265m market capitalisation are headwinds for Ardmore, he notes firming fundamentals in the market and a solid balance sheet.
“We think shares are worth owning,” Webber said.
Ardomore
