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Zacks Investment Research downgraded Nordic American Tanker Ltd (NYSE:NAT) to Sell in a report released today.

Zacks Investment Research has downgraded Nordic American Tanker Ltd (NYSE:NAT) to Sell in a report released on 09/29/2016.

Just yesterday Nordic American Tanker Ltd (NYSE:NAT) traded 1.40% higher at $10.12. Nordic American Tanker Ltd’s 50-day moving average is $10.73 and its 200-day moving average is $13.34. The last closing price is down -24.14% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,416,873 shares of NAT traded hands, up from an average trading volume of 1,658,400

Recent Performance Chart

Nordic American Tanker Ltd (NYSE:NAT)

Nordic American Tanker Ltd has 52 week low of $9.85 and a 52 week high of $17.02 with a PE ratio of 9.19 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokers have issued a research note on the company. The average stock price target is $14.20 with 1 broker rating the stock a strong buy, 1 broker rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Nordic American Tanker Ltd (NYSE:NAT)

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. The vessels in the Company's fleet are homogenous and interchangeable. The Company's vessels are employed in the spot market. The Company's vessels include Nordic Harrier, Nordic Hawk, Nordic Hunter, Nordic Voyager, Nordic Fighter, Nordic Freedom, Nordic Discovery, Nordic Saturn, Nordic Jupiter, Nordic Moon, Nordic Apollo, Nordic Cosmos, Nordic Sprite, Nordic Mistral, Nordic Passat, Nordic Vega, Nordic Breeze, Nordic Zenith, Nordic Sprinter, Nordic Skier and Nordic Light.

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