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In trading on Monday, shares of Teekay Tankers Ltd (NYSE:TNK) crossed below their last reported book value — defined as common shareholder equity per share — of $8.78, changing hands as low as $8.70 per share. Teekay Tankers Ltd shares are currently trading down about 2% on the day. The chart below shows the one year performance of TNK shares, versus its 50 and 200 day moving averages:
Looking at the chart above, TNK's low point in its 52 week range is $8.42 per share, with $13.96 as the 52 week high point — that compares with a last trade of $8.76.
According to the ETF Finder at ETF Channel, TNK makes up 3.95% of the Guggenheim Shipping ETF (AMEX:SEA) which is trading lower by about 2.8% on the day Monday.
TNK operates in the Oil & Gas Equipment & Services sector, among companies like Energy Transfer Equity L P (NYSE:ETE) which is off about 0.8% today, and Energy Transfer Partners L P (NYSE:ETP) trading lower by about 1.2%. Below is a three month price history chart comparing the stock performance of TNK, versus ETE and ETP.
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