Stock Rating Upgrade
In recent days the Value Trend Rating for Nordic American Tankers Ltd (NYSE: NAT) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 8/1/24, Nordic American Tankers Ltd (NYSE: NAT) stock declined by -2.7%, closing at $3.63. This decline was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months and has declined -2.9% during the last week.
Current PriceTarget Research Rating
NAT’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Nordic American Tankers has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Nordic American Tankers has a neutral Appreciation Score of 56 and a slightly negative Power Rating of 30, and the Low Neutral Value Trend Rating results.
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