NEW YORK (
) hit a new 52-week high Tuesday as it traded at $25.30 compared with its previous 52-Week high of $25.25. Knightsbridge Tankers is changing hands at $24.94 with 21,434 shares traded as of 9:32 a.m. ET. Average volume has been 300,400 shares over the past 30 days. Knightsbridge Tankers has a market cap of $426.6 million and is part of the
industry. Shares are up 13.3% year to date as of the close of trading on Monday.
Knightsbridge Tankers Limited, through its subsidiaries, engages in the seaborne transportation of crude oil and dry bulk cargoes worldwide. As of December 31, 2009, the company's fleet consisted of four double-hull very large crude oil carriers and two capesize dry bulk carriers. The company has a P/E ratio of 19.6, above the average transportation industry P/E ratio of 11.9 and below the S&P 500 P/E ratio of 23.3.
TheStreet Ratings rates Knightsbridge Tankers as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full