Shares of Euronav NV (NYSE:CMBT - Get Free Report) shot up 6.3% during mid-day trading on Monday . The company traded as high as $9.50 and last traded at $9.68. 21,004 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 84,433 shares. The stock had previously closed at $9.11.
Euronav Price Performance
The firm has a market capitalization of $1.82 billion, a P/E ratio of 1.58 and a beta of -0.13. The business has a fifty day moving average of $10.19 and a 200-day moving average of $12.25. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.22 and a current ratio of 1.29.
Hedge Funds Weigh In On Euronav
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Euronav during the 4th quarter valued at $54,000. Blue Trust Inc. bought a new position in Euronav during the 4th quarter valued at $363,000. Steward Partners Investment Advisory LLC bought a new position in Euronav during the 4th quarter valued at $58,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of Euronav during the 4th quarter worth $140,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Euronav during the 4th quarter worth $199,000.
Euronav Company Profile
(
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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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