
Norwegian Cruise Lines (NCLH) Stock Drops After Nice Terror Attack
NEW YORK (TheStreet) -- Shares of Norwegian Cruise Lines (NCLH) - Get Report are falling 3.93% to $41.09 on heavy trading volume after the terrorist attack in Nice, France yesterday.
A truck drove into crowds celebrating Bastille Day on July 14, killing 84 people at most recent counts and injuring 202 others, CNN reports.
The terror threat has driven travel stocks lower. Over 2.33 million shares of Norwegian Cruise Lines have been traded so far today vs. the stock's average of 1.9 million per day.
Earlier this week, Norwegian Cruise Lines unveiled a new ultra-luxury cruise liner called the Seven Seas Explorer for the company's high-end Regent Seven Seas Cruises.
The $450 million, 750-passenger, all-suite luxury liner hosted members of the media, travel agents and company insiders on a pre-inaugural cruise earlier this month, Bloomberg reports. Its maiden voyage embarks from Monte Carlo on July 20.
Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B-.
The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and expanding profit margins. TheStreet Ratings feels its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
You can view the full analysis from the report here: NCLH
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.










