If you are currently hunting for stocks which may have made a strong move over the past week then it may be a good time to consider taking a look at the DHT Holdings (NYSE:DHT) stock. The stock has been in the middle of a steady upward move and has managed to deliver gains of as much as 4% in the past week.
Trading Data
On Monday, DHT stock gained 1.41%% to $5.05 with more than 2.13 million shares, compared to its average volume of 17.10 million shares. The stock moved within a range of $4.97 – 5.14 after opening trade at $4.97.
Earnings Review
As a matter of fact, the stock was actually in the news yesterday after it announced its financial results for the fourth fiscal quarter. In the fourth quarter, the company suffered from a loss of $0.05 a share.
While the loss may have been substantial, it should be noted that it was lower than the analysts’ estimates of $0.09 a share. In addition to that, investors also need to note that in the year ago period, the company had suffered from a loss of $0.08 a share. As it happens, the earnings actually constituted an earnings surprise to the tune of as much as 44.4%.
In light of such a development, it now remains to be seen if the DHT Holdings stock can manage to add to its gains in the coming days.
Technical Data
DHT stock is below the 50-Day and 200-Day Moving averages of $5.07 and $5.26 respectively. Moreover, the stock is trading above the 20-Day moving average of $5.84.
