Nordic American Tankers Limited (NAT) has been under a strong bear grip, hence the stock is down -15% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.08% in the past 1 week. The stock has risen by 1.59% in the past week indicating that the buyers are active at lower levels, but the stock is down -15.12% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 7.95% and the 50-Day Moving Average is 16.98%.The 200 Day SMA reached 22.61%. Nordic American Tankers Limited has dropped 31.04% during the last 3-month period . Year-to-Date the stock performance stands at -28.79%.
Nordic American Tankers Limited (NYSE:NAT): After opening at $10.19, the stock dipped to an intraday low of $10.155 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $10.37 and the buying power remained strong till the end. The stock closed at $10.22 for the day, a gain of 0.79% for the day session. The total traded volume was 1,041,019. The stocks close on the previous trading day was $10.14.
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.