CMB.TECH (NYSE:CMBT) Shares Gap Up – Time to Buy?

CMB.TECH nv (NYSE:CMBT) gapped up before the market opened on Thursday. The stock had previously closed at $19.95, but opened at $20.51. CMB.TECH shares last traded at $20.5360, with a volume of 155,930 shares traded.

Analyst Ratings Changes

CMBT has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of CMB.TECH in a report on Tuesday, August 25th. Wall Street Zen raised shares of CMB.TECH from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Two research 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 company presently has a consensus rating of “Buy”.

CMB.TECH Stock Down 1.1%

The firm has a 50 day moving average of $18.53 and a two-hundred day moving average of $15.92. The stock has a market capitalization of $4.10 billion, a PE ratio of 7.07 and a beta of 0.23. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.56.

CMB.TECH (NYSE:CMBT) last posted its earnings results on Tuesday, August 11th. The company reported $1.26 EPS for the quarter. CMB.TECH had a return on equity of 30.02% and a net margin of 37.19%. The company had revenue of $703.94 million for the quarter.

CMB.TECH Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Thursday, October 22nd. Investors of record on Friday, October 16th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, October 16th. CMB.TECH’s dividend payout ratio is presently 19.93%.

Hedge Funds Weigh In On CMB.TECH

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sigma Planning Corp raised its position in shares of CMB.TECH by 2.2% during the 1st quarter. Sigma Planning Corp now owns 41,143 shares of the company’s stock worth $520,000 after purchasing an additional 886 shares during the last quarter. Valley Wealth Managers Inc. acquired a new stake in CMB.TECH during the 1st quarter valued at $33,000. Caitong International Asset Management Co. Ltd acquired a new stake in CMB.TECH during the 4th quarter valued at $29,000. Integrated Wealth Concepts LLC purchased a new position in CMB.TECH during the second quarter worth $46,000. Finally, Optiver Holding B.V. increased its position in CMB.TECH by 145.7% during the first quarter. Optiver Holding B.V. now owns 12,473 shares of the company’s stock worth $158,000 after buying an additional 7,397 shares in the last quarter.

About CMB.TECH

CMB.TECH is a diversified maritime and cleantech company headquartered in Antwerp, Belgium. The company develops, owns and operates commercial vessels and is focused on reducing emissions in shipping through the use of alternative fuels and related technologies, including hydrogen and ammonia.

Its maritime activities include dry bulk carriers, container ships, chemical tankers, offshore wind service vessels and other specialized vessels. CMB.TECH also provides hydrogen and ammonia fuel solutions, including the development of dual-fuel vessels, fuel infrastructure and related applications for the maritime, industrial and transportation sectors.

The company serves international customers and operates across global shipping markets.