Teekay Co. (NYSE:TK)’s share price rose 11.4% on Monday . The stock traded as high as $4.16 and last traded at $4.12, approximately 1,186,414 shares were traded during trading. An increase of 78% from the average daily volume of 666,028 shares. The stock had previously closed at $3.70.
Separately, ValuEngine raised shares of Teekay from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.
The company has a debt-to-equity ratio of 1.55, a current ratio of 0.67 and a quick ratio of 0.67. The firm’s 50 day simple moving average is $4.01 and its 200-day simple moving average is $3.92.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can bought a new stake in shares of Teekay during the 2nd quarter worth about $29,000. Mraz Amerine & Associates Inc. acquired a new stake in Teekay in the 2nd quarter worth about $45,000. Paloma Partners Management Co acquired a new position in shares of Teekay in the 2nd quarter valued at approximately $49,000. National Asset Management Inc. raised its position in shares of Teekay by 34.2% in the 2nd quarter. National Asset Management Inc. now owns 17,917 shares of the shipping company’s stock valued at $70,000 after buying an additional 4,567 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in shares of Teekay in the 2nd quarter valued at approximately $76,000. 19.30% of the stock is owned by institutional investors.
Teekay Company Profile (NYSE:TK)
Teekay Corporation provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally. It operates shuttle tankers; floating production, storage, and offloading units; floating storage and offloading units; HiLoad dynamic positioning units; long-distance towing and offshore installation vessels; and conventional tankers.
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