Knightsbridge Tankers Stock Hits New 52-Week Low (VLCCF)
NEW YORK (TheStreet) -- Knightsbridge Tankers (Nasdaq:VLCCF) hit a new 52-week low Thursday as it is currently trading at $9.26, below its previous 52-week low of $9.28 with 48,563 shares traded as of 10:53 a.m. ET. Average volume has been 274,000 shares over the past 30 days. Knightsbridge Tankers has a market cap of $237.7 million and is part of the services sector and transportation industry. Shares are down 28.8% year to date as of the close of trading on Wednesday. Knightsbridge Tankers Limited, through its subsidiaries, engages in the seaborne transportation of crude oil and dry bulk cargoes worldwide. The company's customers include oil companies, tanker companies, dry bulk companies, petroleum products traders, government agencies, and other entities. The company has a P/E ratio of 7.3, below the average transportation industry P/E ratio of 7.7 and below the S&P 500 P/E ratio of 17.7.
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