Nordic American Tankers Limited (NAT) Shares are Down -6.82%

Nordic American Tankers Limited (NAT) : During the past 4 weeks, traders have been relatively bearish on Nordic American Tankers Limited (NAT), hence the stock is down -0.54% 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 -6.97% relative to the S&P 500. The 4-week change in the price of the stock is -1.08% and the stock has fallen -6.82% in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.24% and the 50-Day Moving Average is 9.13%.The 200 Day SMA reached 21.58%


Nordic American Tankers Limited (NYSE:NAT): After opening at $10.02, the stock dipped to an intraday low of $9.96 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $10.15 and the buying power remained strong till the end. The stock closed at $10.11 for the day, a gain of 1.71% for the day session. The total traded volume was 1,387,745. The stocks close on the previous trading day was $10.11.

Nordic American Tankers Limited (NAT) : The highest short term price target forecast on Nordic American Tankers Limited (NAT) is $14 and the lowest target price is $7. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $10.2 with a standard deviation of $2.59.

Nordic American Tankers Limited (NAT) is an international tanker company. The Company owns approximately 24 Suezmax crude oil tankers, two of which are newbuildings averaging approximately 156,000 deadweight tonnage (dwt) each. The Companys subsidiaries include Scandic American Shipping Ltd. (Scandic) and Orion Tankers Ltd (Orion). The Companys Suezmax tankers are interchangeable assets within the Orion Tankers pool. NATs vessels include Nordic Harrier, Nordic Hawk, Nordic Hunter, Nordic Voyager, Nordic Fighter, Nordic Freedom, Nordic Discovery, Nordic Saturn, Nordic Jupiter, Nordic Moon, Nordic Apollo, Nordic Vega, Nordic Breeze, Nordic Aurora, Nordic Zenith and Nordic Sprinter. The Companys vessels were built in the yards of various companies, such as Samsung Heavy Industries Co., Ltd, Hyundai Heavy Industries Co., Ltd., Daewoo Shipbuilding and Marine Engineering S.A., Dalian Shipbuilding Industry Co. Ltd. and Bohai Shipbuilding Heavy Industry Co. Ltd.

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