Teekay Tankers Ltd (TNK) Drops 5.8% on January 05

Equities Staff  |

Teekay Tankers Ltd (TNK) was one of the Russell 2000's biggest losers for Tuesday January 05 as the stock slid 5.8% to $6.33, a loss of $-0.39 per share. Starting at an opening price of $6.69 a share, the stock traded between $6.24 and $6.72 over the course of the trading day. Volume was 2.52 million shares over 13,567 trades, against an average daily volume of 2.16 million shares and a total float of 152.8 million.

The losses send Teekay Tankers Ltd down to a market cap of $967.22 million. In the last year, Teekay Tankers Ltd has traded between $8.53 and $4.82, and its 50-day SMA is currently $7.21 and 200-day SMA is $6.85.

The stock has a P/E Ratio of 5.4.

Teekay Tankers Ltd is in the business of owning oil tankers and employing chartering strategy that seeks to capture upside opportunities in the spot market while using fixed-rate time charters to reduce downside risks.

Teekay Tankers Ltd is based out of Hamilton, and has some 1,239 employees. Its CEO is Kevin Mackay.

For a complete fundamental analysis analysis of Teekay Tankers Ltd, check out Equities.com’s Stock Valuation Analysis report for TNK. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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