CMB.TECH (NYSE:CMBT) Hits New 52-Week High – Time to Buy?

CMB.TECH nv (NYSE:CMBT) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $15.17 and last traded at $15.0110, with a volume of 168633 shares. The stock had previously closed at $14.25.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Berenberg Bank upgraded shares of CMB.TECH to a “strong-buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings lowered shares of CMB.TECH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. Finally, Wall Street Zen upgraded shares of CMB.TECH from a “sell” rating to a “hold” rating in a research note on Sunday, April 12th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

CMB.TECH Stock Performance

The company has a market cap of $2.74 billion, a P/E ratio of 23.07 and a beta of 0.06. The company has a quick ratio of 0.79, a current ratio of 0.86 and a debt-to-equity ratio of 1.80. The stock’s 50-day moving average price is $13.11 and its 200 day moving average price is $11.51.

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

CMB.TECH Announces Dividend

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

Hedge Funds Weigh In On CMB.TECH

A number of institutional investors have recently modified their holdings of the company. Sigma Planning Corp raised its position in shares of CMB.TECH by 2.2% in the first quarter. Sigma Planning Corp now owns 41,143 shares of the company’s stock valued at $520,000 after purchasing an additional 886 shares during the period. Headlands Technologies LLC raised its position in shares of CMB.TECH by 3.0% in the fourth quarter. Headlands Technologies LLC now owns 67,058 shares of the company’s stock valued at $647,000 after purchasing an additional 1,957 shares during the period. Mariner LLC raised its position in shares of CMB.TECH by 4.0% in the fourth quarter. Mariner LLC now owns 63,372 shares of the company’s stock valued at $612,000 after purchasing an additional 2,439 shares during the period. Mcguire Capital Advisors Inc. bought a new position in shares of CMB.TECH in the fourth quarter valued at approximately $26,000. Finally, Raymond James Financial Inc. bought a new position in shares of CMB.TECH in the second quarter valued at approximately $27,000.

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.