Euronav (NYSE:CMBT) Shares Gap Up – Here’s What Happened

Euronav NV (NYSE:CMBT)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $8.69, but opened at $8.90. Euronav shares last traded at $9.13, with a volume of 17,327 shares traded.

Euronav Trading Up 2.6 %

The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 1.91. The business has a 50 day moving average of $10.41 and a 200-day moving average of $12.77. The stock has a market cap of $1.73 billion, a PE ratio of 1.50 and a beta of -0.12.

Institutional Trading of Euronav

Large investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in Euronav in the 4th quarter valued at about $5,113,000. Uniplan Investment Counsel Inc. acquired a new position in shares of Euronav in the fourth quarter valued at approximately $4,261,000. Foundry Partners LLC purchased a new position in shares of Euronav during the fourth quarter valued at approximately $2,508,000. Vident Advisory LLC acquired a new stake in Euronav during the fourth quarter worth approximately $1,124,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Euronav in the 4th quarter worth approximately $655,000.

About Euronav

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.