Euronav (NYSE:CMBT) Shares Gap Up – What’s Next?

Shares of Euronav NV (NYSE:CMBT) gapped up before the market opened on Wednesday . The stock had previously closed at $9.74, but opened at $9.98. Euronav shares last traded at $10.10, with a volume of 21,521 shares trading hands.

Euronav Stock Performance

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 company has a market cap of $1.95 billion, a PE ratio of 1.69 and a beta of -0.13. The business’s 50 day moving average is $10.07 and its two-hundred day moving average is $12.07.

Hedge Funds Weigh In On Euronav

Hedge funds have recently made changes to their positions in the business. State of Wyoming purchased a new stake in Euronav during the 4th quarter valued at approximately $37,000. SBI Securities Co. Ltd. bought a new stake in Euronav in the 4th quarter valued at $54,000. Steward Partners Investment Advisory LLC purchased a new stake in Euronav in the 4th quarter worth $58,000. Blue Trust Inc. bought a new position in shares of Euronav during the 4th quarter valued at about $62,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Euronav during the fourth quarter valued at about $101,000.

Euronav Company Profile

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.