TORM (NASDAQ:TRMD) Stock Rating Lowered by Kepler Capital Markets

TORM (NASDAQ:TRMD) was downgraded by research analysts at Kepler Capital Markets from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

TORM Stock Down 0.6 %

TRMD opened at $16.87 on Thursday. The firm has a market cap of $1.59 billion, a P/E ratio of 2.18 and a beta of 0.14. TORM has a 52 week low of $16.58 and a 52 week high of $40.47. 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 business’s fifty day simple moving average is $18.98 and its 200 day simple moving average is $23.24.

Institutional Trading of TORM

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Centiva Capital LP acquired a new position in TORM during the 3rd quarter worth approximately $3,077,000. Exchange Traded Concepts LLC acquired a new position in TORM in the fourth quarter worth about $312,000. Franklin Resources Inc. acquired a new position in shares of TORM in the 3rd quarter worth approximately $1,047,000. PSI Advisors LLC increased its stake in TORM by 139.8% during the fourth quarter. PSI Advisors LLC now owns 42,367 shares of the company’s stock valued at $824,000 after purchasing an additional 24,702 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in TORM during the fourth quarter worth about $301,000. Institutional investors and hedge funds own 73.89% of the company’s stock.

TORM Company Profile

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.