Euronav (NYSE:CMBT) Hits New 52-Week Low - Should You Sell?

Euronav NV (NYSE:CMBT - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $8.59 and last traded at $8.79, with a volume of 15218 shares changing hands. The stock had previously closed at $8.81.

Euronav Stock Down 0.2 %

The firm has a 50-day simple moving average of $10.37 and a 200 day simple moving average of $12.66. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.29 and a quick ratio of 1.22. The company has a market capitalization of $1.77 billion, a PE ratio of 1.53 and a beta of -0.13.

Institutional Trading of Euronav

Several large investors have recently modified their holdings of CMBT. Norges Bank acquired a new stake in shares of Euronav during the fourth quarter valued at about $5,113,000. Uniplan Investment Counsel Inc. acquired a new stake in shares of Euronav during the fourth quarter valued at about $4,261,000. Foundry Partners LLC acquired a new stake in shares of Euronav during the fourth quarter valued at about $2,508,000. Vident Advisory LLC acquired a new stake in shares of Euronav during the fourth quarter valued at about $1,124,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Euronav during the fourth quarter valued at about $655,000.

Euronav 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.