DHT Holdings Inc (NYSE:DHT) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.72 and traded as high as $5.97. DHT shares last traded at $5.92, with a volume of 27,546 shares traded.
DHT has been the subject of several recent research reports. Evercore ISI lowered DHT from an “outperform” rating to an “in-line” rating and set a $5.17 price target for the company. in a research report on Wednesday, April 24th. ValuEngine lowered Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Finally, Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. DHT currently has an average rating of “Buy” and a consensus price target of $6.28.
The firm’s 50-day moving average is $5.73. The firm has a market cap of $833.53 million, a price-to-earnings ratio of -23.48, a PEG ratio of 4.58 and a beta of 0.57. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.47.
Large investors have recently made changes to their positions in the business. Squarepoint Ops LLC purchased a new position in shares of DHT during the fourth quarter valued at approximately $50,000. SG Americas Securities LLC purchased a new stake in shares of DHT in the first quarter valued at approximately $71,000. BNP Paribas Arbitrage SA boosted its holdings in shares of DHT by 465.1% in the first quarter. BNP Paribas Arbitrage SA now owns 19,129 shares of the shipping company’s stock valued at $85,000 after purchasing an additional 15,744 shares during the period. Raymond James & Associates purchased a new stake in shares of DHT in the fourth quarter valued at approximately $159,000. Finally, Two Sigma Investments LP purchased a new stake in shares of DHT in the fourth quarter valued at approximately $159,000. Institutional investors and hedge funds own 37.40% of the company’s stock.
About DHT (NYSE:DHT)
DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.
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