Nordic American Tanker Shipping Stock Hits New 52-Week Low (NAT)

NEW YORK ( TheStreet) -- Nordic American Tanker Shipping (NYSE: NAT) hit a new 52-week low Monday as it is currently trading at $21.06, below its previous 52-week low of $21.41 with 373,701 shares traded as of 11:37 a.m. ET. Average volume has been 441,800 shares over the past 30 days.

Nordic American Tanker Shipping has a market cap of $1 billion and is part of the services sector and transportation industry. Shares are down 14.8% year to date as of the close of trading on Friday.

Nordic American Tankers 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. Its fleet consists of 20 double-hull Suezmax tankers, of which four are newbuildings.
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TheStreet Ratings rates Nordic American Tanker Shipping as a 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 feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Nordic American Tanker Shipping Ratings Report.

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