CMB.TECH (NYSE:CMBT) Reaches New 12-Month High – Here’s Why

Shares of CMB.TECH nv (NYSE:CMBT) reached a new 52-week high on Friday. The company traded as high as $20.89 and last traded at $20.8150, with a volume of 1,086,190 shares trading hands. The stock had previously closed at $19.95.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wall Street Zen raised CMB.TECH from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Weiss Ratings restated a “hold (c+)” rating on shares of CMB.TECH in a research note on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy”.

CMB.TECH Price Performance

The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.56. The stock’s 50-day moving average price is $18.53 and its 200-day moving average price is $15.92. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 7.07 and a beta of 0.23.

CMB.TECH (NYSE:CMBT) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $1.26 earnings per share for the quarter. CMB.TECH had a net margin of 37.19% and a return on equity of 30.02%. The business had revenue of $703.94 million during the quarter.

CMB.TECH Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Friday, October 16th will be given a $0.43 dividend. The ex-dividend date is Friday, October 16th. CMB.TECH’s dividend payout ratio (DPR) is presently 20.27%.

Institutional Investors Weigh In On CMB.TECH

A number of institutional investors and hedge funds have recently made changes to their positions in CMBT. Caitong International Asset Management Co. Ltd acquired a new position in shares of CMB.TECH during the fourth quarter valued at $29,000. Valley Wealth Managers Inc. acquired a new stake in CMB.TECH in the first quarter worth about $33,000. Integrated Wealth Concepts LLC acquired a new stake in CMB.TECH in the second quarter worth about $46,000. Optiver Holding B.V. raised its holdings in CMB.TECH by 145.7% during the 1st quarter. Optiver Holding B.V. now owns 12,473 shares of the company’s stock worth $158,000 after purchasing an additional 7,397 shares during the last quarter. Finally, Everstar Asset Management LLC bought a new stake in CMB.TECH during the 1st quarter worth about $191,000.

CMB.TECH Company Profile

CMB.TECH is a diversified maritime and cleantech company headquartered in Antwerp, Belgium. The company develops, owns and operates commercial vessels and is focused on reducing emissions in shipping through the use of alternative fuels and related technologies, including hydrogen and ammonia.

Its maritime activities include dry bulk carriers, container ships, chemical tankers, offshore wind service vessels and other specialized vessels. CMB.TECH also provides hydrogen and ammonia fuel solutions, including the development of dual-fuel vessels, fuel infrastructure and related applications for the maritime, industrial and transportation sectors.

The company serves international customers and operates across global shipping markets.