CMB.TECH nv (NYSE:CMBT - Get Free Report)'s share price fell 2.5% during mid-day trading on Wednesday . The stock traded as low as $9.45 and last traded at $9.47. 29,611 shares changed hands during trading, a decline of 74% from the average session volume of 115,379 shares. The stock had previously closed at $9.71.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded CMB.TECH from a "sell" rating to a "hold" rating in a research report on Saturday.
View Our Latest Stock Report on CMB.TECH
CMB.TECH Price Performance
The stock has a market cap of $1.84 billion, a P/E ratio of 4.40 and a beta of 0.07. The company has a 50 day simple moving average of $9.16 and a 200 day simple moving average of $9.67. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 1.83.
CMB.TECH (NYSE:CMBT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.19. CMB.TECH had a return on equity of 12.63% and a net margin of 43.45%. The company had revenue of $225.66 million for the quarter, compared to analysts' expectations of $194.00 million.
Institutional Trading of CMB.TECH
Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. raised its position in shares of CMB.TECH by 27.5% during the first quarter. SBI Securities Co. Ltd. now owns 6,934 shares of the company's stock worth $63,000 after acquiring an additional 1,496 shares during the last quarter. State of Wyoming acquired a new stake in CMB.TECH in the fourth quarter valued at approximately $37,000. Steward Partners Investment Advisory LLC purchased a new position in shares of CMB.TECH during the fourth quarter valued at approximately $58,000. Blue Trust Inc. purchased a new position in shares of CMB.TECH during the fourth quarter valued at approximately $62,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of CMB.TECH by 9.6% during the first quarter. Envestnet Asset Management Inc. now owns 72,292 shares of the company's stock valued at $656,000 after buying an additional 6,304 shares during the last quarter.
About CMB.TECH
(
Get Free Report)
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.
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