Borr Drilling Limited (NYSE:BORR - Get Free Report) shares hit a new 52-week low during trading on Monday . The stock traded as low as $3.21 and last traded at $3.29, with a volume of 1480657 shares trading hands. The stock had previously closed at $3.25.
Borr Drilling Trading Up 2.4 %
The stock has a market capitalization of $824.67 million, a PE ratio of 9.89 and a beta of 2.84. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.91. The stock has a 50 day moving average price of $3.63 and a 200-day moving average price of $4.64.
Hedge Funds Weigh In On Borr Drilling
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its holdings in shares of Borr Drilling by 52.9% in the third quarter. Barclays PLC now owns 718,537 shares of the company's stock worth $3,944,000 after purchasing an additional 248,482 shares during the last quarter. Private Advisor Group LLC raised its stake in Borr Drilling by 31.7% in the third quarter. Private Advisor Group LLC now owns 33,443 shares of the company's stock worth $184,000 after buying an additional 8,054 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Borr Drilling by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 432,893 shares of the company's stock worth $2,377,000 after buying an additional 7,682 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Borr Drilling during the third quarter worth $303,000. Finally, SG Americas Securities LLC increased its position in shares of Borr Drilling by 40.4% in the 3rd quarter. SG Americas Securities LLC now owns 79,755 shares of the company's stock valued at $438,000 after acquiring an additional 22,943 shares during the period. 83.12% of the stock is currently owned by hedge funds and other institutional investors.
About Borr Drilling
(
Get Free Report)
Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry worldwide. The company owns, contracts, and operates jack-up drilling rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production.
Featured Stories
Before you consider Borr Drilling, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Borr Drilling wasn't on the list.
While Borr Drilling currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
