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How is Nordic American Tankers (NAT) going to do?

What’s up with Nordic American Tankers?

Nordic American Tankers (NAT) opened at $5.31, which means the stock is down 5.33% from yesterday’s closing price of 5.25. Today, the company has a high of $5.34 and a low of $4.92. The company has a market cap of $731.738 million with a 52-week high of $9.00 and a 52-week low of $1.66.

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What about the future forNordic American Tankers

The high forecast for Nordic American Tankers is 6.064 while the low is not available. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Nordic American Tankers has a weak forecast. A weak forecast is due to the company posting consistent losses in their earning reports. The future outlook does not seem too bright as this could potentially cause the company to file for bankruptcy.. Based on this information NAT seems to be a risky buy.

About Nordic American Tankers
Nordic American Tankers Limited is an international tanker company. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The Company’s Suezmaxes tankers can carry over one million barrels of oil.

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