Nordic American Offshore (NAO) Reaches New 52-Week Low at $0.66
Nordic American Offshore Ltd (NYSE:NAO)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $0.66 and last traded at $0.69, with a volume of 2000 shares. The stock had previously closed at $0.69.
Separately, ValuEngine raised shares of Nordic American Offshore from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd.
The company has a debt-to-equity ratio of 0.60, a current ratio of 6.70 and a quick ratio of 6.11.
Nordic American Offshore Company Profile (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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