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 $13.53, below its previous 52-week low of $13.56 with 135,658 shares traded as of 12:20 p.m. ET. Average volume has been 152,600 shares over the past 30 days.

Knightsbridge Tankers has a market cap of $341.5 million and is part of the services sector and transportation industry. Shares are down 37.2% 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 6.9, below the average transportation industry P/E ratio of 11.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Knightsbridge Tankers as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, 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 disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Knightsbridge Tankers Ratings Report.

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