McDermott International Inc (NYSE:MDR) shares reached a new 52-week low during trading on Monday . The stock traded as low as $5.13 and last traded at $5.22, with a volume of 24585 shares. The stock had previously closed at $5.38.
MDR has been the subject of several analyst reports. Citigroup cut their price objective on shares of McDermott International from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Zacks Investment Research downgraded shares of McDermott International from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, ValuEngine downgraded shares of McDermott International from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.00.
The company has a debt-to-equity ratio of 7.01, a current ratio of 0.69 and a quick ratio of 0.68. The stock has a market cap of $934.64 million, a price-to-earnings ratio of -5.19 and a beta of 3.12. The stock has a 50 day moving average of $9.17.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantamental Technologies LLC purchased a new stake in McDermott International in the 1st quarter worth approximately $39,000. Icon Wealth Partners LLC purchased a new stake in McDermott International in the 1st quarter worth approximately $46,000. Coastal Investment Advisors Inc. purchased a new stake in McDermott International in the 2nd quarter worth approximately $72,000. Investors Research Corp purchased a new stake in shares of McDermott International during the 1st quarter valued at $63,000. Finally, Piedmont Investment Advisors Inc. purchased a new stake in shares of McDermott International during the 1st quarter valued at $77,000. Institutional investors and hedge funds own 86.74% of the company’s stock.
McDermott International Company Profile (NYSE:MDR)
McDermott International, Inc provides engineering, procurement, construction and installation, and technology solutions to the energy industry worldwide. It operates through five segments: North, Central and South America; Europe, Africa, Russia and Caspian; the Middle East and North Africa; Asia Pacific; and Technology.
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