TORM plc (NASDAQ:TRMD - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $17.58 and last traded at $17.24, with a volume of 768857 shares trading hands. The stock had previously closed at $18.81.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group cut their price target on TORM from $37.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, November 14th.
Get Our Latest Report on TRMD
TORM Stock Performance
The company has a market cap of $1.63 billion, a P/E ratio of 2.25 and a beta of 0.21. The company has a quick ratio of 2.24, a current ratio of 2.47 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average price of $19.90 and a 200-day moving average price of $25.48.
Hedge Funds Weigh In On TORM
Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in shares of TORM by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 81,626 shares of the company's stock worth $2,791,000 after acquiring an additional 505 shares during the period. Assetmark Inc. lifted its position in TORM by 76.9% in the third quarter. Assetmark Inc. now owns 1,187 shares of the company's stock worth $41,000 after purchasing an additional 516 shares during the period. Tower Research Capital LLC TRC boosted its stake in TORM by 8.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,991 shares of the company's stock valued at $175,000 after purchasing an additional 711 shares in the last quarter. Quarry LP bought a new position in TORM during the 3rd quarter valued at $51,000. Finally, NewEdge Advisors LLC increased its position in shares of TORM by 16.4% during the 4th quarter. NewEdge Advisors LLC now owns 11,964 shares of the company's stock valued at $233,000 after purchasing an additional 1,685 shares during the period. Institutional investors own 73.89% of the company's stock.
About TORM
(
Get Free Report)
TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two operating segments, Tanker and Marine Exhaust. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil.
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