NEW YORK ( TheStreet) -- Teekay Corp (NYSE: TK) hit a new 52-week low Friday as it is currently trading at $23.33, below its previous 52-week low of $23.60 with 244,506 shares traded as of 12:03 p.m. ET. Average volume has been 381,700 shares over the past 30 days. Teekay has a market cap of $1.9 billion and is part of the services sector and transportation industry. Shares are up 5.8% year to date as of the close of trading on Thursday. Teekay Corporation provides crude oil and petroleum product transportation services in Bermuda and internationally. The company has a P/E ratio of 15.5, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Teekay as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, 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. See all 52-week low stocks or get investment ideas from our investment research center.