Euronav (NYSE:CMBT) Shares Down 3.1% – Here’s Why

Euronav NV (NYSE:CMBTGet Free Report)’s stock price dropped 3.1% during mid-day trading on Wednesday . The company traded as low as $11.47 and last traded at $11.48. Approximately 70,505 shares were traded during trading, a decline of 24% from the average daily volume of 92,554 shares. The stock had previously closed at $11.85.

Euronav Stock Down 2.2 %

The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 1.95 and a beta of -0.11. The business has a fifty day simple moving average of $10.93. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.29 and a quick ratio of 1.22.

Euronav Company Profile

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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.

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