Nordic American Tankers Ltd (NAT) was one of the Russell 2000's biggest losers for Tuesday January 12 as the stock slid 6.16% to $13.10, a loss of $-0.86 per share. Starting at an opening price of $14.14 a share, the stock traded between $12.81 and $14.16 over the course of the trading day. Volume was 2.7 million shares over 10,978 trades, against an average daily volume of 1.74 million shares and a total float of 89.18 million.
The losses send Nordic American Tankers Ltd down to a market cap of $1.17 billion. In the last year, Nordic American Tankers Ltd has traded between $17.45 and $9.15, and its 50-day SMA is currently $14.92 and 200-day SMA is $13.95.
The stock has a P/E Ratio of 14.5.
Nordic American Tankers Ltd formerly Nordic American Tanker Shipping Limited is an international tanker company that owns 24 double-hull Suezmax tankers, two of which are newbuildings that average approximately 156,000 dwt each.
Nordic American Tankers Ltd is based out of Hamilton, and has some 21 employees. Its CEO is Herbjorn Hansson.
For a complete fundamental analysis analysis of Nordic American Tankers Ltd, check out Equities.com’s Stock Valuation Analysis report for NAT. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.