Is Nordic American Tanker (NAT) a risk you are willing to take?
What’s up with Nordic American Tanker?
Nordic American Tanker (NAT) opened at $6.87, which means the stock is down 14.31% from yesterday’s closing price of 7.34. Today, the company has a high of $6.93 and a low of $6.00. The stock holds a market cap of $926.08 million which is not impressive since the P/E ratio is -104.86. The company has a 52-week high of $9.00 and a 52-week low of $1.66.
What is P/E ratio?
The price-earnings ratio, also known as P/E ratio, P/E, or PER, is the ratio of a company’s share price to the company’s earnings per share. The ratio is used for valuing companies and to find out whether they are overvalued or undervalued. Nordic American Tanker has a weak.A negative PE ratio means that a stock has negative earnings. In other words, the company was losing money in the past 12 months.
About Nordic American Tanker
Nordic American Tankers Ltd. is an international tanker company. It owns and operates Suezmax crude oil tankers. The company was founded by Herbjorn Hansson on June 12, 1995 and is headquartered in Hamilton, Bermuda.