Tetra Technologies (NYSE:TTI) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Tetra Technologies, Inc. (NYSE:TTI)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.38 and traded as high as $11.84. Tetra Technologies shares last traded at $11.47, with a volume of 1,400,217 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TTI shares. Clear Str lowered Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Wall Street Zen downgraded Tetra Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Stifel Nicolaus upped their price target on shares of Tetra Technologies from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tetra Technologies in a research note on Friday, January 9th. Finally, CJS Securities assumed coverage on shares of Tetra Technologies in a research report on Thursday, December 11th. They set an “outperform” rating and a $11.50 target price on the stock. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.25.

Tetra Technologies Stock Down 2.7%

The firm’s 50-day moving average price is $10.20 and its 200 day moving average price is $7.38. The company has a current ratio of 2.35, a quick ratio of 1.56 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 12.60 and a beta of 1.24.

Institutional Investors Weigh In On Tetra Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new position in shares of Tetra Technologies in the fourth quarter valued at approximately $39,000. State of Alaska Department of Revenue acquired a new position in Tetra Technologies in the 3rd quarter valued at approximately $28,000. Generali Investments Management Co LLC bought a new position in shares of Tetra Technologies during the fourth quarter valued at $54,000. Allworth Financial LP raised its stake in shares of Tetra Technologies by 219.3% during the fourth quarter. Allworth Financial LP now owns 6,009 shares of the oil and gas company’s stock valued at $56,000 after acquiring an additional 4,127 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Tetra Technologies by 31.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,204 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 1,473 shares during the period. Institutional investors own 70.19% of the company’s stock.

About Tetra Technologies

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.