Stabilis Solutions (NASDAQ:SLNG) Earns Buy Rating from Analysts at Maxim Group

Equities researchers at Maxim Group began coverage on shares of Stabilis Solutions (NASDAQ:SLNG) in a research note issued on Monday,Benzinga reports. The brokerage set a “buy” rating and a $12.00 price target on the stock. Maxim Group’s price objective would suggest a potential upside of 71.55% from the company’s previous close.

Stabilis Solutions Stock Up 11.2 %

Shares of NASDAQ:SLNG traded up $0.71 on Monday, hitting $7.00. 47,331 shares of the company’s stock were exchanged, compared to its average volume of 22,668. The firm’s 50-day moving average is $6.10 and its 200 day moving average is $4.99. The company has a market capitalization of $129.97 million, a PE ratio of 33.31 and a beta of 0.84. Stabilis Solutions has a 1-year low of $3.77 and a 1-year high of $7.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 1.24.

Institutional Trading of Stabilis Solutions

A hedge fund recently bought a new stake in Stabilis Solutions stock. Dimensional Fund Advisors LP acquired a new position in shares of Stabilis Solutions, Inc. (NASDAQ:SLNG) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 10,613 shares of the company’s stock, valued at approximately $41,000. Dimensional Fund Advisors LP owned 0.06% of Stabilis Solutions at the end of the most recent quarter. 3.81% of the stock is owned by hedge funds and other institutional investors.

About Stabilis Solutions

Stabilis Solutions, Inc, together with its subsidiaries, an energy transition company, provides clean energy production, storage, transportation, and fueling solutions primarily using liquefied natural gas (LNG) to various end markets in North America. The company offers LNG solutions to customers in aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets.