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

Euronav NV (NYSE:CMBT)’s share price shot up 6.3% on Monday . The company 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 Up 3.7 %

The business’s 50 day moving average is $10.26 and its 200-day moving average is $12.38. 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 has a market capitalization of $1.84 billion, a price-to-earnings ratio of 1.60 and a beta of -0.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CMBT. Norges Bank acquired a new position in Euronav in the 4th quarter valued at $5,113,000. Uniplan Investment Counsel Inc. acquired a new position in Euronav in the 4th quarter valued at $4,261,000. Foundry Partners LLC acquired a new position in Euronav in the 4th quarter valued at $2,508,000. Vident Advisory LLC acquired a new position in Euronav in the 4th quarter valued at $1,124,000. Finally, Envestnet Asset Management Inc. acquired a new position in Euronav in the 4th quarter valued at $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.