Teekay (NYSE:TK) Shares Pass Above 200 Day Moving Average of $4.03

Shares of Teekay Co. (NYSE:TK) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.03 and traded as high as $5.09. Teekay shares last traded at $5.04, with a volume of 29,868 shares.

Separately, ValuEngine upgraded shares of Teekay from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.

The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.67 and a current ratio of 0.67. The stock’s 50 day moving average is $4.72 and its two-hundred day moving average is $4.03.

Several institutional investors and hedge funds have recently bought and sold shares of TK. Bank of Montreal Can bought a new stake in shares of Teekay during the second quarter worth approximately $29,000. Tower Research Capital LLC TRC bought a new stake in Teekay in the third quarter valued at approximately $36,000. Mraz Amerine & Associates Inc. bought a new stake in Teekay in the second quarter valued at approximately $45,000. Paloma Partners Management Co bought a new stake in Teekay in the second quarter valued at approximately $49,000. Finally, National Asset Management Inc. increased its stake in Teekay by 34.2% in the second quarter. National Asset Management Inc. now owns 17,917 shares of the shipping company’s stock valued at $70,000 after purchasing an additional 4,567 shares in the last quarter. 19.11% of the stock is owned by institutional investors and hedge funds.

About Teekay (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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