TIC Solutions (NYSE:TIC) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of TIC Solutions (NYSE:TIC) from a hold rating to a strong sell rating in a report issued on Thursday,Zacks.com reports.

A number of other equities research analysts also recently commented on TIC. Weiss Ratings assumed coverage on TIC Solutions in a research report on Thursday. They issued a “sell (d-)” rating on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $8.00 price objective (down from $14.00) on shares of TIC Solutions in a research report on Friday. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Sell” and an average price target of $8.00.

TIC Solutions Price Performance

Shares of NYSE TIC opened at $7.25 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.41 and a current ratio of 2.41. TIC Solutions has a one year low of $6.73 and a one year high of $14.94.

TIC Solutions (NYSE:TIC) last released its quarterly earnings data on Thursday, March 12th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.29). The business had revenue of $508.27 million during the quarter, compared to analyst estimates of $531.05 million. TIC Solutions had a negative net margin of 5.69% and a negative return on equity of 4.95%.

About TIC Solutions

TIC Solutions, Inc provides critical asset integrity services in North America. The company offers testing, inspection, certification, and compliance (TICC) services, including various nondestructive testing (NDT) techniques, such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection. Its NDT activities include inspection and evaluation of industrial equipment through various technology-enabled methods to ensure asset integrity, prevent costly outages, failures, and accidents, and meet regulatory requirements without damaging the asset or component.