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Euronav (NYSE:CMBT) Sets New 52-Week Low - Here's What Happened

Euronav logo with Transportation background

Euronav NV (NYSE:CMBT - Get Free Report) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $7.82 and last traded at $8.09, with a volume of 72457 shares changing hands. The stock had previously closed at $8.69.

Euronav Price Performance

The firm's fifty day moving average price is $9.58 and its 200 day moving average price is $11.57. The firm has a market capitalization of $1.63 billion, a PE ratio of 1.41 and a beta of 0.05. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 1.91.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. purchased a new position in shares of Euronav during the 4th quarter valued at approximately $363,000. SBI Securities Co. Ltd. acquired a new position in Euronav in the fourth quarter valued at about $54,000. Steward Partners Investment Advisory LLC acquired a new stake in Euronav in the 4th quarter valued at approximately $58,000. Mesirow Financial Investment Management Inc. acquired a new position in Euronav during the 4th quarter worth about $140,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Euronav in the 4th quarter valued at about $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.

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