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Euronav (NYSE:CMBT) Reaches New 1-Year High - Here's What Happened

Euronav logo with Transportation background

Euronav NV (NYSE:CMBT - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $9.71 and last traded at $9.52, with a volume of 156111 shares trading hands. The stock had previously closed at $9.30.

Euronav Stock Down 1.3 %

The company has a 50-day moving average of $9.00 and a two-hundred day moving average of $10.55. The company has a market capitalization of $1.87 billion, a P/E ratio of 1.62 and a beta of 0.05. The company has a quick ratio of 1.22, a current ratio of 1.29 and a debt-to-equity ratio of 1.91.

Hedge Funds Weigh In On Euronav

Several large investors have recently made changes to their positions in the business. Blue Trust Inc. bought a new position in Euronav in the 4th quarter worth about $363,000. SBI Securities Co. Ltd. bought a new position in shares of Euronav in the fourth quarter worth approximately $54,000. Steward Partners Investment Advisory LLC bought a new position in shares of Euronav in the fourth quarter worth approximately $58,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of Euronav during the fourth quarter valued at approximately $140,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Euronav during the fourth quarter valued at approximately $101,000.

Euronav Company Profile

(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.

Further Reading

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