Shawcor (SCL) Sets New 52-Week Low at $18.35
Shawcor Ltd (TSE:SCL) shares hit a new 52-week low on Thursday . The company traded as low as C$18.35 and last traded at C$18.80, with a volume of 183665 shares. The stock had previously closed at C$19.07.
A number of brokerages recently weighed in on SCL. TD Securities dropped their price objective on Shawcor from C$30.00 to C$27.00 and set a “hold” rating on the stock in a report on Wednesday, November 7th. Industrial Alliance Securities dropped their price objective on Shawcor from C$34.00 to C$33.00 in a report on Thursday, September 27th.
The company has a quick ratio of 1.72, a current ratio of 2.29 and a debt-to-equity ratio of 25.52.
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Shawcor Company Profile (TSE:SCL)
Shawcor Ltd., an energy services company, provides products and services for the pipeline, pipe services, petrochemical, and industrial segments of the energy industry worldwide. It operates in two segments, Pipeline and Pipe Services, and Petrochemical and Industrial. The company offers pipe coating, insulation coating, and weight coating systems, as well as custom coating and field joint application services for onshore and offshore pipelines; ultrasonic and radiographic pipeline girth weld inspection services for pipeline operators and construction contractors; manufactures and sells heat shrinkable sleeves, adhesives, and liquid coatings for pipeline joint protection applications; and designs and assembles engineered pipe logistics products and services.
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