The stock of Tenaris S.A. ADR (NYSE:TS) last traded at $34.61, down -7.44% from the previous session.
TS stock price is now -7.91% away from the 50-day moving average and 1.54% away from the 200-day moving average. The market capitalization of the company currently stands at $19.91B.
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With the price target maintained at $40, Morgan Stanley recently Downgraded its rating from Overweight to Underweight for Tenaris S.A. ADR (NYSE: TS). , while ‘Jefferies’ rates the stock as ‘Hold’
A total of 0.16% of the company’s stock is owned by insiders.
During the past 12 months, Tenaris S.A. ADR has had a low of $24.69 and a high of $40.72. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 3.52, and a quick ratio of 2.19.
The net profit margin was 24.89% and return on equity was 21.72% for TS. The company reported revenue of $3.41 billion for the quarter, compared to $3.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.67 percent.
Tenaris S.A. ADR(TS) Company Profile
Tenaris S.A., together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines. It also manufactures sucker rods used in oil extraction activities and tubes for plumbing and construction applications; and offers oilfield/hydraulic fracturing services and energy and raw materials, and financial services. The company operates in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Tenaris S.A. was founded in 2001 and is based in Luxembourg. Tenaris S.A. operates as a subsidiary of Techint Holdings S.à r.l.
