Nordic American Offshore Ltd. (NAO) Trading Down 4.6%
Nordic American Offshore Ltd. (NYSE:NAO) shares were down 4.6% on Tuesday . The stock traded as low as $4.15 and last traded at $4.16, with a volume of 62,596 shares. The stock had previously closed at $4.36.
Separately, Zacks Investment Research lowered Nordic American Offshore from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 19th.
The firm has a 50-day moving average of $4.44 and a 200 day moving average of $4.69. The stock’s market cap is $94.03 million.
Nordic American Offshore (NYSE:NAO) last released its earnings results on Tuesday, August 2nd. The company reported ($0.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. The firm earned $5.07 million during the quarter, compared to the consensus estimate of $7.79 million. During the same period in the prior year, the business earned ($0.02) earnings per share. The business’s revenue for the quarter was down 55.0% on a year-over-year basis. On average, equities research analysts anticipate that Nordic American Offshore Ltd. will post ($1.39) earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Wednesday, August 17th will be paid a $0.05 dividend. The ex-dividend date is Monday, August 15th. This represents a $0.20 annualized dividend and a dividend yield of 4.80%.
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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