|Day's range||0.12 - 0.14|
|52-week range||0.11 - 0.28|
|PE ratio (TTM)||-130,999.99|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
Fitch just downgraded Noble's rating. CNBC reported that Fitch Ratings has issued a widespread downgrade to Noble Group, as poor liquidity and weak profitability continue to hinder the turnaround of the struggling commodities trader. "The downgrade follows continued uncertainty regarding Noble's funding capacity and how this will affect its operation at its current business scale," Fitch Ratings said as quoted by CNBC.
Noble Group Ltd. shares slid Tuesday on the first day of trading after Fitch Ratings cut the embattled commodities trader’s credit rating to a score indicating that a default is possible.
Fitch Ratings downgraded Noble Group, as poor liquidity and weak profitability continue to hinder the turnaround of the struggling commodities trader.