DHT Holdings (DHT) : During the past 4 weeks, traders have been relatively bearish on DHT Holdings (DHT), hence the stock is down -11.6% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.99% relative to the S&P 500. The 4-week change in the price of the stock is -8.63% and the stock has fallen -6.05% in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.61% and the 50-Day Moving Average is 9.48%. DHT Holdings, Inc. has dropped 15.22% during the last 3-month period . Year-to-Date the stock performance stands at -37.3%.
DHT Holdings (NYSE:DHT): On Fridays trading session , Opening price of the stock was $4.67 with an intraday high of $4.74. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.64. However, the stock managed to close at $4.66, a loss of 0.21% for the day. On the previous day, the stock had closed at $4.67. The total traded volume of the day was 1,949,223 shares.
Also, Equity Analysts at the Jefferies maintains the rating on DHT Holdings (NYSE:DHT). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $8 per share to $6 per share. The rating by the firm was issued on July 27, 2016.
DHT Holdings, Inc. (DHT) is engaged in the ownership and operation of a fleet of crude oil carriers. The Companys fleet consists of eighteen crude oil tankers in operation, of which all are wholly owned by the Company. The fleet in operation consists of 14 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt); two Suezmax tankers (Suezmaxes), which are tankers ranging in size from 130,000 to 170,000 dwt, and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt. Nine of its eighteen vessels in operation are on charters for periods of up to six and half years, of which eight vessels are on fixed rate charter and one vessel is on a charter with earnings related to an index.