Market Insight: Teck Resources Ltd (TECK)’s Notable Drop, Closing at 51.37

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In the latest session, Teck Resources Ltd (NYSE: TECK) closed at $51.37 down -1.93% from its previous closing price of $52.38. In other words, the price has decreased by -$1.93 from its previous closing price. On the day, 2.11 million shares were traded. TECK stock price reached its highest trading level at $51.78 during the session, while it also had its lowest trading level at $51.13.

Ratios:

For a deeper understanding of Teck Resources Ltd’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.77 and its Current Ratio is at 1.48. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.41.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TECK now has a Market Capitalization of 27247777792 and an Enterprise Value of 42181853184. As of this moment, Teck’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.99, and their Forward P/E ratio for the next fiscal year is 26.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.32 while its Price-to-Book (P/B) ratio in mrq is 1.40. Its current Enterprise Value per Revenue stands at 2.71 whereas that against EBITDA is 7.441.

Stock Price History:

Over the past 52 weeks, TECK has reached a high of $54.69, while it has fallen to a 52-week low of $34.10. The 50-Day Moving Average of the stock is 8.75%, while the 200-Day Moving Average is calculated to be 13.46%.

Shares Statistics:

For the past three months, TECK has traded an average of 3.16M shares per day and 3371680 over the past ten days. A total of 509.67M shares are outstanding, with a floating share count of 506.19M. Insiders hold about 2.58% of the company’s shares, while institutions hold 74.15% stake in the company. Shares short for TECK as of 1726185600 were 6389586 with a Short Ratio of 2.48, compared to 1723680000 on 5836994.

Dividends & Splits

According to the company, the forward annual dividend rate for TECK is 0.37, from 0.5 in the trailing year. Against a Trailing Annual Dividend Yield of 0.009545628The stock’s 5-year Average Dividend Yield is 1.09.

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