Teekay Tankers Ltd (TNK) experienced unusually high volume on Jan. 12, as the stock lost 17.11% to a closing price of $4.39. The stock saw 6.58 million shares trade hands over the course of the day on 24,305 trades. Given that the stock’s average daily volume over the last month has been 2.37 million shares a day, this represents a pretty substantial spike over the norm.
Teekay Tankers Ltd has a P/B ratio of 0.8. It also has a P/E ratio of 4.2. The stock has traded between $8.53 and $4.82 over the last 52-weeks, its 50-day SMA is now $7.00, and its 200-day SMA $6.86.
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.
Headquartered in Hamilton, , Teekay Tankers Ltd has 1,239 employees and is currently under the leadership of CEO 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.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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