CMB.TECH (NYSE:CMBT) Hits New 52-Week High - Time to Buy?

Key Points

• 52-week high: CMB.TECH hit a new 52-week high intraday at $15.17 (last $15.0110), trading up about 5.2% on ~168,633 shares; market cap is roughly $2.74B with 50/200‑day SMAs at $13.11/$11.51.
• Analyst view is mixed but leans positive: Berenberg upgraded to "Strong-Buy", Weiss trimmed its hold rating slightly, Wall Street Zen moved to hold, and the MarketBeat average rating is "Buy".
• Recent fundamentals and corporate actions: the company reported $0.31 EPS (miss vs. $0.34 est.) but revenue beat ($589.1M vs. $449.4M), paid a special dividend of $0.16 on April 22, and shows a debt/equity of 1.80 with a current ratio of 0.86.

CMB.TECH nv (NYSE:CMBT - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $15.17 and last traded at $15.0110, with a volume of 168633 shares changing hands. The stock had previously closed at $14.25.

Analyst Ratings Changes

Several brokerages have issued reports on CMBT. Weiss Ratings downgraded shares of CMB.TECH from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday. Wall Street Zen raised shares of CMB.TECH from a "sell" rating to a "hold" rating in a research note on Sunday, April 12th. Finally, Berenberg Bank raised shares of CMB.TECH to a "strong-buy" rating in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy".

CMB.TECH Stock Up 5.2%

The business's 50 day simple moving average is $13.11 and its 200-day simple moving average is $11.51. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 23.07 and a beta of 0.06. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.79 and a current ratio of 0.86.

CMB.TECH (NYSE:CMBT - Get Free Report) last issued its earnings results on Friday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.03). The company had revenue of $589.12 million for the quarter, compared to analyst estimates of $449.43 million. CMB.TECH had a net margin of 9.70% and a return on equity of 6.25%.

CMB.TECH Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, April 15th. CMB.TECH's dividend payout ratio (DPR) is 27.69%.

Institutional Investors Weigh In On CMB.TECH

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in CMB.TECH in the third quarter valued at approximately $1,485,000. Folketrygdfondet bought a new stake in CMB.TECH in the third quarter worth approximately $51,651,000. Graham Capital Wealth Management LLC increased its stake in shares of CMB.TECH by 36.3% during the 4th quarter. Graham Capital Wealth Management LLC now owns 437,222 shares of the company's stock worth $4,219,000 after purchasing an additional 116,500 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of CMB.TECH during the 3rd quarter worth $494,000. Finally, Mirabella Financial Services LLP acquired a new position in shares of CMB.TECH during the 3rd quarter worth $22,386,000.

CMB.TECH Company Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.

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