Teekay (NYSE:TK) Stock Price Up 11.4%

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.

Teekay (NYSE:TK) last announced its quarterly earnings data on Thursday, August 1st. The shipping company reported ($0.13) EPS for the quarter. Teekay had a negative net margin of 8.34% and a negative return on equity of 1.42%. The firm had revenue of $358.99 million during the quarter.

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.

Recommended Story: What is the formula for the cash asset ratio?

Receive News & Ratings for Teekay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teekay and related companies with MarketBeat.com's FREE daily email newsletter.