Euronav (NYSE:CMBT) Shares Gap Up - Should You Buy?

Euronav NV (NYSE:CMBT - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $9.74, but opened at $9.98. Euronav shares last traded at $10.10, with a volume of 21,521 shares changing hands.

Euronav Stock Down 4.6 %

The company's 50 day simple moving average is $9.97 and its 200-day simple moving average is $11.97. 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 firm has a market cap of $1.78 billion, a P/E ratio of 1.55 and a beta of -0.13.

Institutional Investors Weigh In On Euronav

A number of large investors have recently added to or reduced their stakes in the stock. State of Wyoming bought a new stake in shares of Euronav in the fourth quarter worth $37,000. SBI Securities Co. Ltd. bought a new position in shares of Euronav in the 4th quarter worth approximately $54,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Euronav in the fourth quarter worth approximately $58,000. Blue Trust Inc. bought a new stake in Euronav during the fourth quarter valued at approximately $62,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Euronav during the fourth quarter valued at approximately $101,000.

About Euronav

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.