Nordic American Offshore Ltd. (NAO) Sees Strong Trading Volume
Shares of Nordic American Offshore Ltd. (NYSE:NAO) saw strong trading volume on Thursday . 86,074 shares were traded during trading, an increase of 11% from the previous session’s volume of 77,796 shares.The stock last traded at $4.00 and had previously closed at $4.17.
Separately, Zacks Investment Research upgraded Nordic American Offshore from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th.
The stock’s market capitalization is $91.10 million. The stock has a 50-day moving average price of $4.40 and a 200-day moving average price of $4.68.
Nordic American Offshore (NYSE:NAO) last announced 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 business earned $5.07 million during the quarter, compared to analysts’ expectations of $7.79 million. The company’s revenue for the quarter was down 55.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. Analysts anticipate that Nordic American Offshore Ltd. will post ($1.39) EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Wednesday, August 17th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 4.95%. The ex-dividend date is Monday, August 15th.
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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