DHT Holdings (NYSE:DHT) has tumbled 8.66% during the past week and has dropped 5.42% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 7.57%. DHT Holdings (NYSE:DHT) has underperformed the index by 6.28% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
DHT Holdings (NYSE:DHT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.06 and $5.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.06, notching a gain of 0.80% for the day. The total traded volume was 2,957,854 . The stock had closed at $5.02 on the previous day.
The company shares have dropped -37.22% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $8.99 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $5.51 and the 200 Day Moving Average price is recorded at $6.14.
Many analysts have stated their opinion on the company shares. Seaport Global assumes its view on DHT Holdings (NYSE:DHT) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Seaport Global announces the current price target of $8.5 per share on DHT Holdings . The rating by the firm was issued on May 4, 2016. Institutional Investors own 72.67% of DHT Holdings shares.
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.