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Euronav (NYSE:CMBT) Reaches New 12-Month Low - Here's What Happened

Euronav logo with Transportation background

Euronav NV (NYSE:CMBT - Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as $13.36 and last traded at $13.41, with a volume of 44956 shares changing hands. The stock had previously closed at $13.37.

Euronav Stock Performance

The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 2.21 and a beta of -0.07. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 1.54. The business's 50-day simple moving average is $15.88.

Euronav (NYSE:CMBT - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.24 by $0.22. Euronav had a net margin of 112.38% and a return on equity of 22.35%. The firm had revenue of $233.66 million during the quarter. On average, analysts expect that Euronav NV will post 1.56 EPS for the current year.

About Euronav

(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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