Knightsbridge Tankers Stock Hits New 52-Week Low (VLCCF)
Knightsbridge Tankers (Nasdaq:VLCCF) hit a new 52-week low Tuesday as it is currently trading at $8.35, below its previous 52-week low of $8.43 with 38,782 shares traded as of 10:14 a.m. ET. Average volume has been 289,100 shares over the past 30 days.
NEW YORK ( TheStreet) -- Knightsbridge Tankers (Nasdaq: VLCCF) hit a new 52-week low Tuesday as it is currently trading at $8.35, below its previous 52-week low of $8.43 with 38,782 shares traded as of 10:14 a.m. ET. Average volume has been 289,100 shares over the past 30 days. Knightsbridge Tankers has a market cap of $211.8 million and is part of the services sector and transportation industry. Shares are down 36.4% year to date as of the close of trading on Monday. 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 6.5, below the average transportation industry P/E ratio of 6.8 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, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. 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 Knightsbridge Tankers Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.