Euronav (NYSE:CMBT) Reaches New 12-Month Low – Time to Sell?

Euronav NV (NYSE:CMBTGet Free Report)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $14.03 and last traded at $14.12, with a volume of 75746 shares traded. The stock had previously closed at $14.31.

Euronav Stock Performance

The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 1.54. The stock’s 50 day moving average price is $15.99.

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

About Euronav

(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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