Euronav (NYSE:CMBT) Sets New 12-Month Low – Here’s What Happened

Shares of Euronav NV (NYSE:CMBT) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $8.59 and last traded at $8.79, with a volume of 15218 shares. The stock had previously closed at $8.81.

Euronav Stock Down 0.9 %

The company’s fifty day simple moving average is $10.47 and its 200 day simple moving average is $12.85. The company has a quick ratio of 1.22, a current ratio of 1.29 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $1.70 billion, a PE ratio of 1.47 and a beta of -0.12.

Institutional Investors Weigh In On Euronav

Several hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in shares of Euronav in the 4th quarter worth about $5,113,000. Uniplan Investment Counsel Inc. bought a new position in shares of Euronav during the fourth quarter valued at $4,261,000. Foundry Partners LLC purchased a new position in shares of Euronav in the 4th quarter worth about $2,508,000. Vident Advisory LLC bought a new position in Euronav in the 4th quarter worth about $1,124,000. Finally, Envestnet Asset Management Inc. bought a new position in Euronav in the 4th quarter worth 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.