CMB.TECH nv (NYSE:CMBT - Get Free Report) shares traded down 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.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of CMB.TECH from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th.
Get Our Latest Report on CMBT
CMB.TECH Stock Performance
The stock's 50-day simple moving average is $9.32 and its 200-day simple moving average is $9.61. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 4.43 and a beta of 0.08. 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 earnings results 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 net margin of 43.45% and a return on equity of 12.63%. The firm had revenue of $225.66 million for the quarter, compared to analyst estimates of $194.00 million.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. State of Wyoming acquired a new position in shares of CMB.TECH during the 4th quarter worth approximately $37,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of CMB.TECH during the 4th quarter worth approximately $58,000. SBI Securities Co. Ltd. boosted its position in shares of CMB.TECH by 27.5% during the 1st 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CMB.TECH during the 4th quarter worth approximately $101,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of CMB.TECH during the 4th quarter worth approximately $137,000.
CMB.TECH Company Profile
(
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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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