CMB.TECH nv (NYSE:CMBT - Get Free Report) shares fell 2.9% during trading on Wednesday . The company traded as low as $9.15 and last traded at $9.26. 78,436 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 113,905 shares. The stock had previously closed at $9.54.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of CMB.TECH from a "sell" rating to a "hold" rating in a report on Saturday, June 14th.
Read Our Latest Research Report on CMBT
CMB.TECH Stock Up 1.0%
The firm has a market cap of $1.87 billion, a P/E ratio of 4.48 and a beta of 0.08. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.88 and a current ratio of 0.95. The firm's fifty day moving average is $9.32 and its 200 day moving average is $9.60.
CMB.TECH (NYSE:CMBT - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.02 by $0.19. CMB.TECH had a net margin of 43.45% and a return on equity of 12.63%. The business had revenue of $225.66 million during the quarter, compared to the consensus estimate of $194.00 million.
Institutional Trading of CMB.TECH
Several hedge funds and other institutional investors have recently bought and sold shares of CMBT. Steward Partners Investment Advisory LLC acquired a new stake in CMB.TECH in the 4th quarter worth about $58,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of CMB.TECH in the 4th quarter valued at approximately $101,000. JPMorgan Chase & Co. acquired a new position in shares of CMB.TECH in the 4th quarter valued at approximately $199,000. Norges Bank acquired a new position in shares of CMB.TECH in the 4th quarter valued at approximately $5,113,000. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of CMB.TECH in the 4th quarter valued at approximately $137,000.
About CMB.TECH
(
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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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