Skip to main content

Shares of Nordic American Tankers Limited (NAT) Rise to a New 52-Week High

Shares of Nordic American Tankers Limited (NYSE:NAT) traded today at $3.54, eclipsing its 52-week high. So far today approximately 3.1 million shares have been exchanged, as compared to an average 30-day volume of 5.3 million shares.

Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company’s fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel – Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.

In the past 52 weeks, shares of Nordic American Tankers Limited have traded between a low of $1.40 and a high of $3.54 and is now at $3.52, which is 151% above that low price.

Potential upside of 8.3% exists for Nordic American Tankers Limited, based on a current level of $3.52 and analysts’ average consensus price target of $3.81.

Receive IBN Spotlights – “Bite Size” Small, Mid and Large-Cap Technical Indicator Alerts

To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected

About IBN (InvestorBrandNetwork)

IBN consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and Code Editorial Syndication to 5,000+ broadcast outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign and the NEW normal.

For more information on IBN, please visit https://www.InvestorBrandNetwork.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.