Nordic American Offshore Ltd. (NYSE:NAO)’s share price was down 3.4% during trading on Monday . The company traded as low as $4.60 and last traded at $4.61, with a volume of 53,052 shares traded. The stock had previously closed at $4.77.

Separately, Zacks Investment Research raised shares of Nordic American Offshore from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th.

The stock’s 50-day moving average is $4.97 and its 200 day moving average is $4.69. The stock’s market capitalization is $103.95 million.

Nordic American Offshore (NYSE:NAO) last posted its quarterly earnings results on Thursday, May 12th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.11. During the same quarter last year, the company posted ($0.12) earnings per share. On average, analysts expect that Nordic American Offshore Ltd. will post ($1.23) EPS for the current year.

A hedge fund recently bought a new stake in Nordic American Offshore stock. Teacher Retirement System of Texas purchased a new stake in shares of Nordic American Offshore Ltd. (NYSE:NAO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 271,527 shares of the company’s stock, valued at approximately $1,431,000. Teacher Retirement System of Texas owned 1.20% of Nordic American Offshore at the end of the most recent quarter.

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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