Nordic American Tankers Limited (NAT) Shares are Up 0.67%

Nordic American Tankers Limited (NAT) has been under a strong bear grip, hence the stock is down -1.4% 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 0.14% in the past 1 week. The stock has risen by 0.67% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.4% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.64% and the 50-Day Moving Average is 10.14%.The 200 Day SMA reached 19.39% Nordic American Tankers Limited has dropped 25% during the last 3-month period . Year-to-Date the stock performance stands at -26.7%.


Nordic American Tankers Limited (NAT) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $14 and the lowest price target forecast is $7. The average forecast of all the analysts is $10.6 and the expected standard deviation is $2.7.

The shares have received a consensus rating of Sell for the current week Nordic American Tankers Limited (NYSE:NAT): The stock opened at $10.17 and touched an intraday high of $10.5499 on Friday. During the day, the stock corrected to an intraday low of $10.0974, however, the bulls stepped in and pushed the price higher to close in the green at $10.52 with a gain of 3.95% for the day. The total traded volume for the day was 1,258,139. The stock had closed at $10.52 in the previous trading session.

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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