Nordic American Tanker Shipping Stock Hits New 52-Week Low (NAT)
Nordic American Tanker Shipping (NYSE:NAT) hit a new 52-week low Wednesday as it changed hands at $23.97 compared with its previous 52-week low of $24. Nordic American Tanker Shipping is currently trading at $23.99 with 1,100 shares changing hands as of 9:31 a.m. as compared to the average daily trading volume of 458,700.
NEW YORK ( TheStreet) -- Nordic American Tanker Shipping (NYSE: NAT) hit a new 52-week low Wednesday as it traded at $23.97 compared with its previous 52-Week low of $24. Nordic American Tanker Shipping is changing hands at $23.99 with 1,100 shares traded as of 9:31 a.m. ET. Average volume has been 458,700 shares over the past 30 days. Nordic American Tanker Shipping has a market cap of $1.2 billion and is part of the services sector and transportation industry. Shares are down 7.5% year to date as of the close of trading on Tuesday. Nordic American Tanker Shipping Limited, an international tanker company, owns and operates double hull crude oil tankers. The company operates its vessels in the spot market, on time charters, or on bareboat charters. The company has a P/E ratio of 829.3, above the S&P 500 P/E ratio of 23.2. TheStreet Ratings rates Nordic American Tanker Shipping as hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Nordic American Tanker Shipping Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.