Nordic American Offshore Ltd. (NAO) Sees Large Volume Increase
Shares of Nordic American Offshore Ltd. (NYSE:NAO) saw an uptick in trading volume on Wednesday . 120,575 shares traded hands during mid-day trading, an increase of 83% from the previous session’s volume of 65,913 shares.The stock last traded at $4.00 and had previously closed at $4.04.
Separately, Zacks Investment Research raised shares of Nordic American Offshore from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th.
The firm’s market capitalization is $90.20 million. The firm has a 50-day moving average of $4.35 and a 200-day moving average of $4.68.
Nordic American Offshore (NYSE:NAO) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.10. The company earned $5.07 million during the quarter, compared to analysts’ expectations of $7.79 million. During the same quarter in the prior year, the company posted ($0.02) EPS. The firm’s revenue was down 55.0% compared to the same quarter last year. Analysts expect that Nordic American Offshore Ltd. will post ($1.41) EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Wednesday, August 17th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend 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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