Nordic American Tankers Limited (NAT) Forms Bearish Multiple Bottom Pattern at $2.70

June 27, 2018 - By Ira Colvard

With $2.62 target Nordic American Tankers Limited (NAT) has a multiple bottoms chart pattern. That’s 3.00 % below today’s $2.70 share price. This chart pattern was reported on Jun, 27 by Finviz.com. The company’s valuation will be $11.50 million less at $2.62 target.

The stock decreased 1.10% or $0.03 during the last trading session, touching $2.7.Currently Nordic American Tankers Limited is downtrending after 66.58% change in last June 27, 2017. NAT has also 1.05M shares volume. The stock underperformed the S&P 500 by 79.15%.

Nordic American Tankers Limited (NYSE:NAT) Ratings Coverage

Total analysts of 6 have positions in Nordic American Tanker (NYSE:NAT) as follows: 0 rated it a “Buy”, 2 with “Sell” and 4 with “Hold”. The positive are 0. Since January 4, 2018 according to StockzIntelligence Inc Nordic American Tanker has 11 analyst reports. On Monday, April 30 the firm earned “Sell” rating by Maxim Group. On Monday, February 12 the stock has “Equal-Weight” rating by Morgan Stanley. The company rating was maintained by Drewry Financial on Wednesday, May 23. On Friday, April 20 the firm has “Hold” rating by Jefferies given. On Friday, February 9 Maxim Group maintained Nordic American Tankers Limited (NYSE:NAT) rating. Maxim Group has “Sell” rating and $1.0 target. On Wednesday, April 25 the rating was maintained by Morgan Stanley with “Equal-Weight”. On Monday, February 12 the rating was maintained by Seaport Global with “Hold”. On Tuesday, February 13 the rating was maintained by Credit Suisse with “Neutral”. The stock rating was maintained by Seaport Global with “Hold” on Thursday, January 4. On Friday, June 15 the firm has “Sell” rating given by Maxim Group.

For more Nordic American Tankers Limited (NYSE:NAT) news posted recently go to: Globenewswire.com, Globenewswire.com, Globenewswire.com, Globenewswire.com or Globenewswire.com. The titles are as follows: “Nordic American Tankers Limited (NYSE:NAT) – Further adjustment of the NAT fleet” posted on June 08, 2018, “Nordic American Tankers Limited (NYSE:NAT) – Solid financial position” on June 18, 2018, “Nordic American Tankers Limited (NYSE:NAT) – Adjustment of the fleet – Sale of two vessels- prospects are positive …” with a publish date: May 30, 2018, “Nordic American Tankers Limited (NYSE:NAT) – Solid financial position and continued focus on dividend” and the last “Nordic American Tankers Limited (NYSE:NAT) – Fixed 3-year time charter (TC) plus options for one of the NAT …” with publication date: June 13, 2018.

Nordic American Tankers Limited (NYSE:NAT) Analyst Ratings Chart

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