Euronav (NYSE:CMBT) Sets New 52-Week Low – Should You Sell?

Euronav NV (NYSE:CMBTGet Free Report)’s share price reached a new 52-week low on Tuesday . The company traded as low as $13.36 and last traded at $13.41, with a volume of 44956 shares traded. The stock had previously closed at $13.37.

Euronav Stock Performance

The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.32 and a current ratio of 1.37. The stock has a 50-day simple moving average of $15.76.

Euronav (NYSE:CMBTGet Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.22. The company had revenue of $233.66 million during the quarter. Euronav had a net margin of 112.38% and a return on equity of 22.35%. As a group, sell-side 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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