NEW YORK ( TheStreet) -- Teekay Corporation (NYSE: TK) hit a new 52-week low Tuesday as it is currently trading at $21.16, below its previous 52-week low of $21.37 with 49,425 shares traded as of 9:40 a.m. ET. Average volume has been 434,200 shares over the past 30 days. Teekay has a market cap of $1.6 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 Monday. Teekay Corporation engages in the marine transportation of crude oil and gas 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 sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Teekay Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.