CMB.TECH nv (NYSE:CMBT – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $17.96 and last traded at $17.8110, with a volume of 145067 shares changing hands. The stock had previously closed at $17.49.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on CMBT shares. Wall Street Zen raised shares of CMB.TECH from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Weiss Ratings upgraded shares of CMB.TECH from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy”.
Read Our Latest Stock Report on CMB.TECH
CMB.TECH Stock Performance
CMB.TECH (NYSE:CMBT – Get Free Report) last announced its quarterly earnings results on Tuesday, May 19th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $1.00. The business had revenue of $519.63 million during the quarter, compared to analysts’ expectations of $422.43 million. CMB.TECH had a return on equity of 18.25% and a net margin of 24.94%.
Institutional Investors Weigh In On CMB.TECH
Large investors have recently added to or reduced their stakes in the business. Mcguire Capital Advisors Inc. acquired a new position in CMB.TECH during the fourth quarter worth about $26,000. Raymond James Financial Inc. acquired a new stake in shares of CMB.TECH in the second quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of CMB.TECH in the fourth quarter valued at approximately $29,000. Valley Wealth Managers Inc. purchased a new position in shares of CMB.TECH during the 1st quarter worth approximately $33,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of CMB.TECH during the 3rd quarter worth approximately $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.
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