CMB.TECH (NYSE:CMBT) Downgraded by Wall Street Zen to "Sell"

Key Points

• CMB.TECH (NYSE:CMBT) has been downgraded from a "hold" to a "sell" rating by analysts at Wall Street Zen following recent assessment.
• The company's stock opened at $9.07, with a market capitalization of $1.76 billion and a significant debt-to-equity ratio of 1.83.
• CMB.TECH reported earnings of $0.21 per share for the last quarter, surpassing analyst expectations and showcasing strong performance with a net margin of 43.45%.

CMB.TECH (NYSE:CMBT - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

CMB.TECH Price Performance

Shares of CMB.TECH stock traded up $0.04 during midday trading on Friday, reaching $8.87. The company had a trading volume of 77,753 shares, compared to its average volume of 100,853. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 4.13 and a beta of 0.02. The stock has a fifty day simple moving average of $9.33 and a 200 day simple moving average of $9.36. CMB.TECH has a 1-year low of $7.65 and a 1-year high of $17.60.

CMB.TECH (NYSE:CMBT - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.19. CMB.TECH had a net margin of 43.45% and a return on equity of 12.63%. The firm had revenue of $225.66 million during the quarter, compared to analyst estimates of $194.00 million.

Institutional Trading of CMB.TECH

A number of institutional investors have recently bought and sold shares of the business. State of Wyoming acquired a new position in shares of CMB.TECH in the 4th quarter valued at $37,000. Legal & General Group Plc grew its holdings in shares of CMB.TECH by 221.3% in the 2nd quarter. Legal & General Group Plc now owns 6,529 shares of the company's stock valued at $59,000 after buying an additional 4,497 shares during the period. SBI Securities Co. Ltd. grew its holdings in shares of CMB.TECH by 27.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 6,934 shares of the company's stock valued at $63,000 after buying an additional 1,496 shares during the period. Orion Portfolio Solutions LLC acquired a new position in shares of CMB.TECH in the 4th quarter valued at $137,000. Finally, Townsquare Capital LLC acquired a new position in shares of CMB.TECH in the 4th quarter valued at $137,000.

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.