News coverage about Nordic American Offshore (NYSE:NAO) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nordic American Offshore earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news headlines about the shipping company an impact score of 45.6870719675385 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Separately, Zacks Investment Research cut Nordic American Offshore from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st.

Shares of Nordic American Offshore (NYSE:NAO) opened at 1.41 on Monday. The company’s 50 day moving average is $1.30 and its 200-day moving average is $1.15. The company’s market capitalization is $31.79 million. Nordic American Offshore has a 1-year low of $0.80 and a 1-year high of $3.90.

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About Nordic American Offshore

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.

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