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Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO) has been downgraded to Hold in a report by Zacks Investment Research today.

Yesterday Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO) traded -4.00% lower at $1.15. The company’s 50-day moving average is $1.28 and its 200-day moving average is $1.15. The last stock close price is down 25.47% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 285,369 shares of the stock were exchanged, down from an average trading volume of 312,017

Zacks Investment Research has downgraded Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO) to Hold in a report released on Wednesday June 21, 2017.

Previously on Tuesday April 25, 2017, Zacks Investment Research reported about Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO) raised the target price from $0.00 to $1.00. At the time, this indicated a possible upside of 0.08%.

See Chart Below

Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO)

Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) has a 52 week low of $0.80 and a 52 week high of $3.90 The company’s market cap is currently $0.

About Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO)

Nordic American Offshore Limited (NAO) operates platform supply vessels (PSV). The Company owns approximately eight vessels. The Company operates in the offshore support vessel market segment. The Company has approximately two vessels under construction. The Company's vessels operate in the North Sea in both the term and spot market. The Company's vessels include NAO Fighter, NAO Prosper, NAO Power, NAO Thunder, NAO Guardian, NAO Protector, NAO Storm and NAO Viking. Each of the Company's vessels has a capacity of approximately 4,200 deadweight tonnage (DWT) and a cargo deck area of approximately 850 square meters. The Company's vessels under construction include NAO Galaxy and NAO Horizon. Remoy Shipping AS and V. Ships Limited provide technical management for the Company's vessels.

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