Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Nordic American Offshore (NAO) Stock Price
Media headlines about Nordic American Offshore (NYSE:NAO) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nordic American Offshore earned a news impact score of 0.07 on Accern’s scale. Accern also gave news stories about the shipping company an impact score of 45.6456525796284 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Nordic American Offshore (NYSE:NAO) remained flat at $$1.19 during trading hours on Friday. The company had a trading volume of 89,200 shares, compared to its average volume of 433,832. Nordic American Offshore has a 12-month low of $0.80 and a 12-month high of $3.30. The company has a current ratio of 13.46, a quick ratio of 13.11 and a debt-to-equity ratio of 0.51.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Monday, November 27th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 6.72%. The ex-dividend date was Friday, November 24th. Nordic American Offshore’s payout ratio is presently -8.60%.
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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