Teekay Corporation Ltd. (NYSE:TK - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.81 and traded as high as $8.19. Teekay shares last traded at $8.10, with a volume of 523,877 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of Teekay in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Teekay currently has an average rating of "Sell".
Read Our Latest Research Report on Teekay
Teekay Stock Performance
The firm has a market cap of $743.90 million, a P/E ratio of 5.74 and a beta of 0.42. The stock's 50 day simple moving average is $8.10 and its 200 day simple moving average is $7.81.
Institutional Trading of Teekay
Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Teekay by 381.8% in the 1st quarter. GAMMA Investing LLC now owns 4,139 shares of the shipping company's stock worth $27,000 after acquiring an additional 3,280 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Teekay in the 1st quarter worth $48,000. Virtus Advisers LLC bought a new stake in shares of Teekay in the 1st quarter worth $59,000. Tower Research Capital LLC TRC grew its stake in shares of Teekay by 194.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,600 shares of the shipping company's stock worth $63,000 after acquiring an additional 5,022 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Teekay by 20.9% in the 1st quarter. New York State Common Retirement Fund now owns 10,425 shares of the shipping company's stock worth $68,000 after acquiring an additional 1,802 shares in the last quarter. Institutional investors own 46.73% of the company's stock.
About Teekay
(
Get Free Report)
Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.
Further Reading
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