Knightsbridge Tankers Stock Hits New 52-Week Low (VLCCF)

NEW YORK ( TheStreet) -- Knightsbridge Tankers (Nasdaq: VLCCF) hit a new 52-week low Wednesday as it is currently trading at $12.33, below its previous 52-week low of $12.66 with 59,467 shares traded as of 9:35 a.m. ET. Average volume has been 234,700 shares over the past 30 days.

Knightsbridge Tankers has a market cap of $323.9 million and is part of the services sector and transportation industry.

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.

TheStreet Ratings rates Knightsbridge Tankers as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. 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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