TORM is a carrier of refined oil products. Co.'s activities are primarily the transportation of clean petroleum products, such as gasoline, jet fuel, kerosene, naphtha and gas oil, and occasionally dirty petroleum products, such as fuel oil. Co. has an in-house operating and management platform which performs commercial, administrative and technical management for its vessels. Through this platform, Co. handles the commercial management of all its vessels and the technical management of all its owned vessels. Co. conducts all vessel sale and purchase activities in-house, utilizing relationships with shipbrokers, shipyards, financial institutions and other shipowners. We show 4 historical shares outstanding datapoints in our TRMD shares outstanding history coverage, used to compute TRMD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TRMD market cap history over the course of time is important for investors
interested in comparing TRMD's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of TRMD versus a peer is one thing; comparing
TRMD market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like TRMD can fluctuate over the course of history.
With this page we aim to empower investors researching TRMD by allowing them to research the TRMD market cap history. |
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Video: The Importance of Market Cap
