A number of other equities analysts have also commented on the stock. TheStreet raised shares of TORM from a d+ rating to a c- rating in a report on Thursday, March 3rd. HC Wainwright upped their price objective on shares of TORM from $14.00 to $16.00 in a research note on Thursday, May 12th.
TORM stock opened at $14.19 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.34 and a current ratio of 1.61. The stock has a market cap of $1.05 billion, a PE ratio of -101.35 and a beta of -276.34. TORM has a fifty-two week low of $6.17 and a fifty-two week high of $14.57. The firm’s 50-day simple moving average is $10.27 and its 200 day simple moving average is $8.63.
A number of large investors have recently added to or reduced their stakes in the business. Deutsche Bank AG increased its stake in TORM by 46.0% during the 3rd quarter. Deutsche Bank AG now owns 4,048 shares of the company’s stock valued at $31,000 after purchasing an additional 1,275 shares in the last quarter. Morgan Stanley purchased a new position in shares of TORM in the second quarter worth approximately $28,000. Swiss National Bank lifted its holdings in TORM by 8.2% during the fourth quarter. Swiss National Bank now owns 53,772 shares of the company’s stock valued at $424,000 after purchasing an additional 4,093 shares in the last quarter. WealthTrust Axiom LLC lifted its holdings in TORM by 16.7% during the first quarter. WealthTrust Axiom LLC now owns 35,000 shares of the company’s stock valued at $310,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in TORM by 33.4% during the fourth quarter. Bank of America Corp DE now owns 24,783 shares of the company’s stock valued at $197,000 after purchasing an additional 6,200 shares in the last quarter.
About TORM (Get Rating)
TORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide. The company transports gasoline, jet fuel, and naphtha. As of March 23, 2022, it operated a fleet of approximately 85 vessels. The company was founded in 1889 and is headquartered in London, the United Kingdom.
- Get a free copy of the StockNews.com research report on TORM (TRMD)
- These Are the Three (3) Most Upgraded Stocks For Q2
- MarketBeat: Week in Review 5/23 – 5/27
- Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices
- Affirm Stock Has Affirmed a Bottom
- Airbnb: Bold Competitive Threats & A New World of Travel
Receive News & Ratings for TORM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TORM and related companies with MarketBeat.com's FREE daily email newsletter.