According to Zacks, “Nordic American Tankers operates one of the largest fleets of Suezmax tankers in the world. The fleet consists of 24 Suezmax tankers, including 2 newbuilds. “
NAT stock opened at $2.79 on Thursday. Nordic American Tankers has a 1-year low of $1.40 and a 1-year high of $3.81. The business has a fifty day moving average price of $2.12 and a 200-day moving average price of $2.01. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.59 and a quick ratio of 1.28. The stock has a market capitalization of $539.75 million, a P/E ratio of -3.82 and a beta of 0.21.
A number of institutional investors have recently bought and sold shares of NAT. Morgan Stanley increased its position in Nordic American Tankers by 0.7% during the second quarter. Morgan Stanley now owns 4,821,958 shares of the shipping company’s stock valued at $15,817,000 after acquiring an additional 34,845 shares during the last quarter. Kestra Advisory Services LLC increased its position in Nordic American Tankers by 26.7% during the third quarter. Kestra Advisory Services LLC now owns 19,121 shares of the shipping company’s stock valued at $49,000 after acquiring an additional 4,025 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Nordic American Tankers by 22.8% during the third quarter. Commonwealth Equity Services LLC now owns 391,901 shares of the shipping company’s stock valued at $1,003,000 after acquiring an additional 72,764 shares during the last quarter. SG Americas Securities LLC increased its position in Nordic American Tankers by 486.2% during the third quarter. SG Americas Securities LLC now owns 91,311 shares of the shipping company’s stock valued at $234,000 after acquiring an additional 75,734 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Nordic American Tankers during the third quarter valued at $610,000. Institutional investors own 28.96% of the company’s stock.
About Nordic American Tankers (Get Rating)
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 25 Suezmax crude oil tankers. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to Nordic American Tankers Limited in June 2011.
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