CMB.TECH (NYSE:CMBT) Stock Price Down 1.5% – What’s Next?

CMB.TECH nv (NYSE:CMBT)’s share price was down 1.5% during trading on Wednesday . The company traded as low as $15.30 and last traded at $15.35. Approximately 547,315 shares were traded during trading, a decline of 46% from the average daily volume of 1,014,661 shares. The stock had previously closed at $15.59.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CMBT. Weiss Ratings raised CMB.TECH from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Berenberg Bank raised CMB.TECH to a “strong-buy” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded CMB.TECH from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

CMB.TECH Stock Up 0.7%

The stock’s 50-day moving average price is $15.27 and its two-hundred day moving average price is $13.72. The stock has a market capitalization of $3.13 billion, a P/E ratio of 9.30 and a beta of 0.12. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.59.

CMB.TECH (NYSE:CMBT) last issued its quarterly earnings results on Tuesday, May 19th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $1.00. CMB.TECH had a net margin of 24.94% and a return on equity of 18.25%. The company had revenue of $519.63 million during the quarter, compared to analyst estimates of $422.43 million.

CMB.TECH Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 3rd were given a $0.44 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. CMB.TECH’s dividend payout ratio (DPR) is currently 36.69%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Valley Wealth Managers Inc. purchased a new stake in CMB.TECH in the 1st quarter worth about $33,000. Mcguire Capital Advisors Inc. purchased a new stake in CMB.TECH during the fourth quarter valued at about $26,000. Raymond James Financial Inc. purchased a new stake in CMB.TECH during the second quarter valued at about $27,000. Caitong International Asset Management Co. Ltd bought a new position in CMB.TECH during the fourth quarter worth about $29,000. Finally, Public Employees Retirement System of Ohio bought a new position in CMB.TECH during the third quarter worth about $45,000.

About CMB.TECH

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. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.