CMB.TECH (NYSE:CMBT) Reaches New 12-Month High – Should You Buy?

Shares of CMB.TECH nv (NYSE:CMBT) hit a new 52-week high on Wednesday . The company traded as high as $13.21 and last traded at $12.9210, with a volume of 563368 shares trading hands. The stock had previously closed at $12.68.

Wall Street Analyst Weigh In

A number of brokerages have commented on CMBT. Wall Street Zen downgraded shares of CMB.TECH from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Weiss Ratings upgraded shares of CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 14th. Finally, Pareto Securities raised shares of CMB.TECH to a “strong-buy” rating in a research report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

CMB.TECH Stock Up 2.5%

The company has a debt-to-equity ratio of 1.96, a current ratio of 0.73 and a quick ratio of 0.61. The business’s 50 day moving average is $10.99 and its 200 day moving average is $9.94.

CMB.TECH (NYSE:CMBT) last posted its quarterly earnings data on Wednesday, November 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). CMB.TECH had a return on equity of 4.28% and a net margin of 12.64%.The company had revenue of $460.80 million for the quarter, compared to analyst estimates of $393.37 million.

CMB.TECH Dividend Announcement

The firm also recently declared a special dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, January 7th were issued a $0.05 dividend. The ex-dividend date was Wednesday, January 7th. CMB.TECH’s dividend payout ratio is 8.54%.

Institutional Trading of CMB.TECH

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of CMB.TECH in the second quarter worth $27,000. Public Employees Retirement System of Ohio purchased a new position in shares of CMB.TECH during the 3rd quarter valued at about $45,000. Sunbelt Securities Inc. purchased a new position in shares of CMB.TECH during the 3rd quarter valued at about $56,000. Legal & General Group Plc lifted its holdings in shares of CMB.TECH by 221.3% in the 2nd quarter. Legal & General Group Plc now owns 6,529 shares of the company’s stock valued at $59,000 after buying an additional 4,497 shares during the period. Finally, Vise Technologies Inc. purchased a new stake in shares of CMB.TECH in the third quarter worth about $94,000.

CMB.TECH Company Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.