Euronav (NYSE:CMBT) Trading Up 6.3% – What’s Next?

Euronav NV (NYSE:CMBT)’s share price traded up 6.3% during mid-day trading on Monday . The stock traded as high as $9.50 and last traded at $9.68. 21,004 shares traded hands during trading, a decline of 75% from the average session volume of 84,433 shares. The stock had previously closed at $9.11.

Euronav Stock Down 1.4 %

The company has a market capitalization of $1.83 billion, a P/E ratio of 1.59 and a beta of -0.13. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.22 and a current ratio of 1.29. The firm’s fifty day moving average is $10.22 and its 200-day moving average is $12.28.

Institutional Investors Weigh In On Euronav

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Wyoming bought a new stake in shares of Euronav during the 4th quarter valued at approximately $37,000. SBI Securities Co. Ltd. bought a new stake in Euronav during the 4th quarter worth approximately $54,000. Steward Partners Investment Advisory LLC bought a new stake in Euronav during the 4th quarter worth approximately $58,000. Blue Trust Inc. bought a new stake in Euronav during the 4th quarter worth approximately $62,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Euronav during the 4th quarter worth approximately $101,000.

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.