Euronav (NYSE:CMBT) Shares Gap Up – Time to Buy?

Shares of Euronav NV (NYSE:CMBT) gapped up before the market opened on Thursday . The stock had previously closed at $8.69, but opened at $8.90. Euronav shares last traded at $9.13, with a volume of 17,327 shares changing hands.

Euronav Price Performance

The stock has a market capitalization of $1.77 billion, a P/E ratio of 1.53 and a beta of -0.13. The company has a 50 day moving average of $10.37 and a 200-day moving average of $12.69. The company has a quick ratio of 1.22, a current ratio of 1.29 and a debt-to-equity ratio of 1.91.

Institutional Investors Weigh In On Euronav

A number of institutional investors have recently modified their holdings of the business. State of Wyoming bought a new position in shares of Euronav during the fourth quarter valued at approximately $37,000. SBI Securities Co. Ltd. bought a new position in Euronav during the 4th quarter worth $54,000. Steward Partners Investment Advisory LLC acquired a new stake in Euronav in the fourth quarter worth $58,000. Blue Trust Inc. bought a new stake in Euronav in the fourth quarter valued at $62,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Euronav during the fourth quarter valued at $101,000.

Euronav Company Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.