Nordic American Offshore Ltd. (NAO) Trading Down 4.9%
Nordic American Offshore Ltd. (NYSE:NAO)’s share price fell 4.9% on Monday . The stock traded as low as $4.30 and last traded at $4.31, with a volume of 56,657 shares trading hands. The stock had previously closed at $4.53.
Separately, Zacks Investment Research upgraded Nordic American Offshore from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th.
The firm’s 50-day moving average is $4.86 and its 200-day moving average is $4.65. The stock’s market capitalization is $97.86 million.
Nordic American Offshore (NYSE:NAO) last released its quarterly earnings results on Thursday, May 12th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.11. During the same period in the previous year, the firm earned ($0.12) earnings per share. On average, equities analysts expect that Nordic American Offshore Ltd. will post ($1.23) earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Nordic American Offshore stock. Teacher Retirement System of Texas purchased a new position in Nordic American Offshore Ltd. (NYSE:NAO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 271,527 shares of the company’s stock, valued at approximately $1,431,000. Teacher Retirement System of Texas owned approximately 1.20% of Nordic American Offshore at the end of the most recent reporting period.
Nordic American Offshore Limited. (NOA) is an international company. The Company is engaged in acquiring and operating platform supply vessels (PSVs), and own and operate eight vessels and have two new buildings under construction. The Company owns and operates Platform Supply Vessels (PSV) in the North Sea.
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