North European Oil Royalty Downgraded to “Hold” at TheStreet (NRT)
Shares of North European Oil Royalty (NYSE:NRT) traded up 1.01% during mid-day trading on Wednesday, hitting $23.91. 2,134 shares of the company’s stock traded hands. North European Oil Royalty has a one year low of $18.44 and a one year high of $26.16. The stock’s 50-day moving average is $23.59 and its 200-day moving average is $22.1. The company has a market cap of $219.7 million and a price-to-earnings ratio of 11.20.
North European Oil Royalty Trust (NYSE:NRT) is a grantor trust, which on behalf of the owners of beneficial interest in the Trust, holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany.
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