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Euronav (NYSE:CMBT) Shares Gap Up - Here's What Happened

Euronav logo with Transportation background
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Euronav NV (NYSE:CMBT - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $8.69, but opened at $8.90. Euronav shares last traded at $9.13, with a volume of 17,327 shares.

Euronav Stock Down 0.2 %

The firm's fifty day simple moving average is $10.37 and its 200 day simple moving average is $12.66. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 1.91. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 1.53 and a beta of -0.13.

Hedge Funds Weigh In On Euronav

Several large investors have recently bought and sold shares of CMBT. Blue Trust Inc. acquired a new position in shares of Euronav during the 4th quarter worth about $363,000. JPMorgan Chase & Co. acquired a new position in Euronav in the fourth quarter valued at approximately $199,000. Mariner LLC purchased a new position in Euronav in the fourth quarter valued at approximately $520,000. Townsquare Capital LLC acquired a new stake in Euronav during the fourth quarter worth approximately $137,000. Finally, Uniplan Investment Counsel Inc. purchased a new stake in shares of Euronav during the 4th quarter worth approximately $4,261,000.

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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