Euronav (NYSE:CMBT) Sets New 52-Week Low – Time to Sell?

Euronav NV (NYSE:CMBTGet Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $13.36 and last traded at $13.41, with a volume of 44956 shares trading hands. The stock had previously closed at $13.37.

Euronav Trading Down 1.2 %

The firm has a fifty day moving average price of $15.76. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 1.54.

Euronav (NYSE:CMBTGet Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.24 by $0.22. Euronav had a return on equity of 22.35% and a net margin of 112.38%. The firm had revenue of $233.66 million during the quarter. Analysts expect that Euronav NV will post 1.56 EPS for the current fiscal year.

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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