Teekay Stock Falls On Unusually High Volume (TK)
NEW YORK (TheStreet) -- Teekay Corporation (NYSE:TK) is trading at unusually high volume Tuesday with 1.3 million shares changing hands. It is currently at four times its average daily volume and trading down $1.52 (-4.3%) at $34.03 as of 3:50 p.m. ET.
Teekay Corporation engages in the marine transportation of crude oil and gas in Bermuda and internationally.
TheStreet Ratings rates Teekay as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Teekay Ratings Report.
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