In yesterday’s Wall Street session, Nordic American Tankers Ltd (NYSE:NAT) shares traded at $3.38, up 0.60% from the previous session.
NAT stock price is now -6.96% away from the 50-day moving average and -13.64% away from the 200-day moving average. The market capitalization of the company currently stands at $705.74M.
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With the price target maintained at $4, Jefferies recently Downgraded its rating from Buy to Hold for Nordic American Tankers Ltd (NYSE: NAT). On September 06, 2022, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $3 to quote $4, while the Jefferies previously rated the stock as ‘Hold’ on July 21, 2022.
A total of 3.02% of the company’s stock is owned by insiders.
During the past 12 months, Nordic American Tankers Ltd has had a low of $3.31 and a high of $4.83. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 0.79, and a quick ratio of 0.53. According to the stock market information, the enterprise value for the company is $951664960, which is based on a 11.45 price-to-earnings ratio, a 2.29 price-to-earnings-growth ratio, and a beta of -0.24. The fifty day moving average price for NAT is $3.633 and a two-hundred day moving average price translates $3.91385 for the stock.
The latest earnings results from Nordic American Tankers Ltd (NYSE: NAT) was released for 2024-06-30. The net profit margin was 18.64% and return on equity was 11.44% for NAT. The company reported revenue of $66.1 million for the quarter, compared to $67.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.5 percent.
