Wall Street Zen downgraded shares of CMB.TECH (NYSE:CMBT – Free Report) from a buy rating to a hold rating in a report published on Saturday,Wall Street Zen reports.
Separately, Weiss Ratings raised CMB.TECH from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, CMB.TECH currently has an average rating of “Strong Buy”.
Read Our Latest Analysis on CMBT
CMB.TECH Trading Up 0.8%
CMBT opened at $17.40 on Friday. CMB.TECH has a 52 week low of $9.03 and a 52 week high of $21.19. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.56. The business has a fifty day simple moving average of $18.86 and a 200-day simple moving average of $16.21. The firm has a market cap of $3.47 billion, a P/E ratio of 5.93 and a beta of 0.23.
CMB.TECH (NYSE:CMBT – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $1.26 earnings per share (EPS) for the quarter. The firm 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%.
CMB.TECH Dividend Announcement
The business also recently disclosed a special dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Friday, October 16th will be paid a $0.43 dividend. The ex-dividend date is Friday, October 16th. CMB.TECH’s dividend payout ratio (DPR) is presently 16.84%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of CMB.TECH during the fourth quarter worth approximately $29,000. Valley Wealth Managers Inc. acquired a new stake in CMB.TECH in the first quarter valued at approximately $33,000. Integrated Wealth Concepts LLC acquired a new stake in CMB.TECH in the second quarter valued at approximately $46,000. Optiver Holding B.V. raised its holdings in CMB.TECH by 145.7% in the first quarter. Optiver Holding B.V. now owns 12,473 shares of the company’s stock valued at $158,000 after acquiring an additional 7,397 shares in the last quarter. Finally, Everstar Asset Management LLC purchased a new position in CMB.TECH in the first quarter worth approximately $191,000.
About CMB.TECH
CMB.TECH is a diversified maritime and cleantech company headquartered in Antwerp, Belgium. The company develops, owns and operates commercial vessels and is focused on reducing emissions in shipping through the use of alternative fuels and related technologies, including hydrogen and ammonia.
Its maritime activities include dry bulk carriers, container ships, chemical tankers, offshore wind service vessels and other specialized vessels. CMB.TECH also provides hydrogen and ammonia fuel solutions, including the development of dual-fuel vessels, fuel infrastructure and related applications for the maritime, industrial and transportation sectors.
The company serves international customers and operates across global shipping markets.
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