Stock Price of Nordic American Tankers Limited (NAT) Decreases -4.9%

Stock price performance of Nordic American Tankers Limited is analyzed for various periods using several stock trading signals. The stock price have dropped -6.6% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -23.32% . Looking at the past 52 week period, the stock price is down -25.78% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Nordic American Tankers Limited has a negative value of -40.38 compared to overall market performance. The shares have received a consensus rating of Sell for the current week The stock has recorded a 20-day Moving Average of 0.78% and the 50-Day Moving Average is 0.64%.The 200 Day SMA reached 20.58%

Nordic American Tankers Limited is having a Relative Strength Index of 41.7 which indicates the stock is not yet over sold or over bought based on the technical indicators. Nordic American Tankers Limited (NYSE:NAT) has tumbled 4.9% during the past week and has dropped 3.8% 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 5.01%. Nordic American Tankers Limited (NYSE:NAT) has underperformed the index by 4.66% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Nordic American Tanker Ltd Last issued its quarterly earnings results on Nov 10, 2016. The company reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $-0.15.Analysts expectations of $ 39.54.During the same quarter in the previous year, the company posted $0.29 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Nordic American Tanker Ltd was Initiated by Credit Suisse to Neutral on Jan 13, 2017. Nordic American Tanker Ltd was Initiated by Maxim Group on Dec 20, 2016 to Sell, Price Target of the shares are set at $7.Nordic American Tanker Ltd was Initiated by Wells Fargo to Market Perform on Nov 16, 2016.

Nordic American Tankers Limited (NYSE:NAT) : On Friday heightened volatility was witnessed in Nordic American Tankers Limited (NYSE:NAT) which led to swings in the share price. The stock opened for trading at $8.25 and hit $8.36 on the upside , eventually ending the session at $8.35, with a gain of 0.48% or 0.04 points. The heightened volatility saw the trading volume jump to 1,646,865 shares. The 52-week high of the share price is $16.18 and the company has a market cap of $851 million. The 52-week low of the share price is at $7.57 .

NORDIC AMERICAN is engaged of acquiring, disposing, owning, leasing, and chartering three double hull Suezmax oil tankers.

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