CMB.TECH (NYSE:CMBT) Hits New 1-Year High - Still a Buy?

Key Points

• CMB.TECH shares reached a new 52-week high, trading near $19.00 and rising above the previous close of $18.75.
• Analyst sentiment is generally positive: two analysts rate the stock a Strong Buy, one rates it Hold, and the overall MarketBeat consensus is Buy.
• The company reported quarterly EPS of $1.26 on revenue of $703.94 million, with a 37.19% net margin and 30.02% return on equity; several institutional investors also increased their positions.

CMB.TECH nv (NYSE:CMBT - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $18.98 and last traded at $19.00, with a volume of 116015 shares traded. The stock had previously closed at $18.75.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of CMB.TECH from a "hold" rating to a "buy" rating in a research report on Saturday, May 30th. Weiss Ratings reissued a "hold (c+)" rating on shares of CMB.TECH in a research note on Tuesday, August 25th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy".

CMB.TECH Stock Performance

The firm has a market capitalization of $3.71 billion, a PE ratio of 6.38 and a beta of 0.14. The business has a 50-day simple moving average of $16.16 and a 200-day simple moving average of $14.77. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.12 and a quick ratio of 0.85.

CMB.TECH (NYSE:CMBT - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $1.26 EPS for the quarter. The firm had revenue of $703.94 million during the quarter. CMB.TECH had a return on equity of 30.02% and a net margin of 37.19%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CMBT. Sigma Planning Corp raised its position in CMB.TECH by 2.2% in the 1st quarter. Sigma Planning Corp now owns 41,143 shares of the company's stock worth $520,000 after purchasing an additional 886 shares during the period. Headlands Technologies LLC boosted its position in shares of CMB.TECH by 3.0% during the fourth quarter. Headlands Technologies LLC now owns 67,058 shares of the company's stock valued at $647,000 after buying an additional 1,957 shares during the period. Mariner LLC boosted its position in shares of CMB.TECH by 4.0% during the fourth quarter. Mariner LLC now owns 63,372 shares of the company's stock valued at $612,000 after buying an additional 2,439 shares during the period. Valley Wealth Managers Inc. purchased a new position in shares of CMB.TECH during the first quarter valued at approximately $33,000. Finally, Mcguire Capital Advisors Inc. bought a new position in shares of CMB.TECH during the fourth quarter valued at approximately $26,000.

CMB.TECH Company Profile

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. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.

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