Flex LNG Ltd. (NASDAQ:FLNG)’s share price fell 7.6% during mid-day trading on Thursday . The stock traded as low as $8.95 and last traded at $9.06, 914 shares traded hands during trading. A decline of 97% from the average session volume of 35,171 shares. The stock had previously closed at $9.81.
Separately, Nordea Equity Research lowered Flex LNG from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st.
The firm has a 50-day moving average price of $10.18.
Flex LNG (NASDAQ:FLNG) last posted its earnings results on Wednesday, November 20th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $29.81 million for the quarter.
An institutional investor recently bought a new position in Flex LNG stock. Gilder Gagnon Howe & Co. LLC acquired a new stake in Flex LNG Ltd. (NASDAQ:FLNG) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 335,326 shares of the company’s stock, valued at approximately $3,236,000. Gilder Gagnon Howe & Co. LLC owned 0.62% of Flex LNG as of its most recent filing with the SEC.
Flex LNG Company Profile (NASDAQ:FLNG)
Flex LNG Ltd., through its subsidiaries, engages in the transportation of liquefied natural gas worldwide. The company has a total fleet of four LNG carriers. It also provides chartering and management services. Flex LNG Ltd. was founded in 2006 and is based in Hamilton, Bermuda.
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