Teekay Corporation Ltd (NYSE:TK) price on Friday, February 28, fall -0.30% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.54.
A look at the stock’s price movement, the close in the last trading session was $6.56. The PE ratio in trailing twelve months stood at 4.58. Turning to its 52-week performance, $8.65 and $5.98 were the 52-week high and 52-week low respectively. Overall, TK moved -6.97% over the past month.
Teekay Corporation Ltd’s market cap currently stands at around $549.75 million, with investors looking forward to this quarter’s earnings report slated for in April.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TK is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
TK’s current price about -6.60% and -6.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.85, while 7-day volatility ratio is 2.71% and 2.97% in the 30-day chart. Further, Teekay Corporation Ltd (TK) has a beta value of 0.49, and an average true range (ATR) of 0.21.
If we refocus on Teekay Corporation Ltd (NYSE:TK), historical trading data shows that trading volumes averaged 807.48K over the past 3 months. The company’s latest data on shares outstanding shows there are 84.06 million shares.
The 36.15% of Teekay Corporation Ltd’s shares are in the hands of company insiders while institutional holders own 44.57% of the company’s shares. Current price change has pushed the stock -5.63% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TK stock continues to rise going into the next quarter.
