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

CMB.TECH nv (NYSE:CMBT) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $15.42 and last traded at $15.15, with a volume of 44491 shares trading hands. The stock had previously closed at $15.15.

Wall Street Analyst Weigh In

CMBT has been the subject of several recent research reports. Berenberg Bank upgraded shares of CMB.TECH to a “strong-buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings cut shares of CMB.TECH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of CMB.TECH from a “sell” rating to a “hold” rating in a research report on Sunday, April 12th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

CMB.TECH Stock Performance

The company has a debt-to-equity ratio of 1.80, a current ratio of 0.86 and a quick ratio of 0.79. The company’s 50-day moving average price is $13.20 and its two-hundred day moving average price is $11.81. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 22.93 and a beta of 0.06.

CMB.TECH (NYSE:CMBT) last posted its quarterly earnings data on Friday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.03). CMB.TECH had a return on equity of 6.25% and a net margin of 9.70%.The firm had revenue of $589.12 million for the quarter, compared to analyst estimates of $449.43 million.

CMB.TECH Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 15th were given a dividend of $0.16 per share. The ex-dividend date was Wednesday, April 15th. CMB.TECH’s dividend payout ratio is 27.69%.

Institutional Investors Weigh In On CMB.TECH

Several large investors have recently modified their holdings of the company. Valley Wealth Managers Inc. acquired a new stake in CMB.TECH in the first quarter worth $33,000. Mcguire Capital Advisors Inc. acquired a new stake in CMB.TECH in the fourth quarter worth $26,000. Raymond James Financial Inc. acquired a new stake in CMB.TECH in the second quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in CMB.TECH in the fourth quarter worth $29,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in CMB.TECH in the third quarter worth $45,000.

About CMB.TECH

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.