CMB.TECH (NYSE:CMBT) Sets New 52-Week High – What’s Next?

Shares of CMB.TECH nv (NYSE:CMBT) hit a new 52-week high during trading on Monday . The company traded as high as $11.94 and last traded at $11.8250, with a volume of 257872 shares trading hands. The stock had previously closed at $11.52.

Analyst Ratings Changes

CMBT has been the subject of several recent research reports. Weiss Ratings upgraded CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 14th. Wall Street Zen raised CMB.TECH from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Pareto Securities upgraded CMB.TECH to a “strong-buy” rating in a research note on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, CMB.TECH presently has a consensus rating of “Buy”.

CMB.TECH Trading Up 2.3%

The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 1.96. The business has a 50 day simple moving average of $10.37 and a two-hundred day simple moving average of $9.63. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 14.36 and a beta of -0.08.

CMB.TECH (NYSE:CMBT) last announced its earnings results on Wednesday, November 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). CMB.TECH had a net margin of 12.64% and a return on equity of 4.28%. The business had revenue of $460.80 million during the quarter, compared to analyst estimates of $393.37 million.

CMB.TECH Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, January 7th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, January 7th. CMB.TECH’s dividend payout ratio (DPR) is currently 8.54%.

Institutional Investors Weigh In On CMB.TECH

A number of institutional investors have recently modified their holdings of CMBT. SG Americas Securities LLC acquired a new position in shares of CMB.TECH in the 3rd quarter worth approximately $1,485,000. Norges Bank acquired a new stake in shares of CMB.TECH during the 2nd quarter valued at approximately $2,847,000. Blue Trust Inc. lifted its stake in CMB.TECH by 142.0% during the third quarter. Blue Trust Inc. now owns 12,245 shares of the company’s stock worth $115,000 after purchasing an additional 7,186 shares during the last quarter. Svenska Handelsbanken AB publ acquired a new position in CMB.TECH in the third quarter worth $174,000. Finally, GSA Capital Partners LLP acquired a new position in CMB.TECH in the third quarter worth $153,000.

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.