Nordic American Offshore Ltd. (NYSE:NAO)’s share price was up 4.8% during mid-day trading on Wednesday . The stock traded as high as $4.60 and last traded at $4.59, with a volume of 65,238 shares changing hands. The stock had previously closed at $4.38.

Separately, Zacks Investment Research lowered Nordic American Offshore from a “hold” rating to a “strong sell” rating in a report on Tuesday.

The firm’s market capitalization is $103.50 million. The stock’s 50-day moving average is $4.91 and its 200-day moving average is $4.66.

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

An institutional investor recently bought a new position in Nordic American Offshore stock. Teacher Retirement System of Texas acquired a new stake in shares of Nordic American Offshore Ltd. (NYSE:NAO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 as of its most recent SEC filing.

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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