Nordic American Offshore (NAO) Hits New 1-Year Low at $0.67
Nordic American Offshore Ltd (NYSE:NAO)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $0.67 and last traded at $0.71, with a volume of 152483 shares trading hands. The stock had previously closed at $0.75.
Separately, ValuEngine upgraded shares of Nordic American Offshore from a “hold” rating to a “buy” rating in a report on Friday, November 2nd.
The company has a quick ratio of 6.11, a current ratio of 6.70 and a debt-to-equity ratio of 0.60.
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About Nordic American Offshore (NYSE:NAO)
Nordic American Offshore Ltd. owns and operates platform supply vessels (PSVs). As of December 31, 2017, it had a fleet of 10 PSVs. The company operates its vessels in the United Kingdom and in the Norwegian sectors of the North Sea. Nordic American Offshore Ltd. was founded in 2013 and is based in Hamilton, Bermuda.
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