CMB.TECH (NYSE:CMBT) Sets New 1-Year High – What’s Next?

CMB.TECH nv (NYSE:CMBT)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $18.98 and last traded at $19.00, with a volume of 116015 shares changing hands. The stock had previously closed at $18.75.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CMBT shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of CMB.TECH in a research note on Tuesday, August 25th. Wall Street Zen downgraded CMB.TECH from a “buy” rating to a “hold” rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

CMB.TECH Stock Performance

The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 6.70 and a beta of 0.14. The stock has a 50 day simple moving average of $16.36 and a 200 day simple moving average of $14.84. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 1.56.

CMB.TECH (NYSE:CMBT) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $1.26 earnings per share for the quarter. The business had revenue of $703.94 million for the quarter. CMB.TECH had a return on equity of 30.02% and a net margin of 37.19%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sigma Planning Corp raised its stake in shares of CMB.TECH by 2.2% in the 1st quarter. Sigma Planning Corp now owns 41,143 shares of the company’s stock worth $520,000 after buying an additional 886 shares in the last quarter. Headlands Technologies LLC grew its holdings in CMB.TECH by 3.0% during the fourth quarter. Headlands Technologies LLC now owns 67,058 shares of the company’s stock worth $647,000 after acquiring an additional 1,957 shares during the period. Mariner LLC grew its holdings in CMB.TECH by 4.0% during the fourth quarter. Mariner LLC now owns 63,372 shares of the company’s stock worth $612,000 after acquiring an additional 2,439 shares during the period. Valley Wealth Managers Inc. bought a new stake in CMB.TECH in the first quarter worth about $33,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in CMB.TECH in the fourth quarter worth about $26,000.

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.