Nordic American Offshore Ltd (NYSE:NAO) Ends Down After Bouncy 33.33% Swing

Nordic American Offshore Ltd (NYSE:NAO)

November 26th, 2018
Amidst rising markets Nordic American Offshore Ltd finished Monday’s trading session down 6.35%, a $0.03 decrease to close on $0.51. Nordic American Offshore Ltd bounced 33.33% between high and low. As well as the drop in value, Nordic American Offshore Ltd hit a new 52 week low of $0.45, breaking the previous low of $0.51 from earlier this month. Despite the drop in value, trading volumes were solid at 643% of normal which can indicate investor opportunities.

NAO was outperformed by the rest of the Energy sector which went up 1.72%.

Market Sectors

Monday saw a swing up in all sectors of the market with Consumer Discretionary leading the pack with a 2.59% gain. Healthcare has seen the biggest year-to-date gain at 9.33%. The biggest loss this year has been the Communication Services sector declining 13%.

Consumer Discretionary saw the biggest turnaround from its 5-day performance of -1.83%, as it went up 2.59%.

Sector Breakdown

  • Consumer Discretionary went up with a 2.59% change.
  • Information Technology went up with a 2.25% change.
  • Financials went up with a 2.10% change.
  • Communication Services went up with a 1.93% change.
  • Energy went up with a 1.72% change.
  • Materials went up with a 1.20% change.
  • Healthcare went up with a 0.94% change.
  • Industrials went up with a 0.84% change.
  • Utilities went up with a 0.54% change.
  • Real Estate went up with a 0.20% change.
  • Consumer Staples went up with a 0.04% change.

Nordic American Offshore Ltd Info

Nordic American Offshore Ltd. owns and operates platform supply vessels (PSVs). As of December 31, 2017, it had a fleet of 10 PSVs. The company operates its vessels in the United Kingdom and in the Norwegian sectors of the North Sea. Nordic American Offshore Ltd. was founded in 2013 and is based in Hamilton, Bermuda.

All amounts in USD unless otherwise indicated
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