TETRA Technologies (NYSE:TTI) Stock Passes Above 200-Day Moving Average – Time to Sell?

TETRA Technologies, Inc. (NYSE:TTI) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.41 and traded as high as $3.87. TETRA Technologies shares last traded at $3.86, with a volume of 908,742 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TTI. StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. EF Hutton Acquisition Co. I raised TETRA Technologies to a “strong-buy” rating in a research note on Monday, October 21st.

TETRA Technologies Stock Performance

The company has a market cap of $508.79 million, a PE ratio of 193.10 and a beta of 2.04. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. The stock’s 50-day simple moving average is $3.16 and its 200 day simple moving average is $3.41.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The firm had revenue of $141.70 million during the quarter, compared to analysts’ expectations of $156.43 million. During the same period in the prior year, the company posted $0.07 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. As a group, equities analysts anticipate that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Balboa Wealth Partners purchased a new position in TETRA Technologies in the third quarter valued at about $33,000. Point72 DIFC Ltd increased its stake in TETRA Technologies by 82.0% in the 2nd quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 5,966 shares in the last quarter. nVerses Capital LLC acquired a new position in TETRA Technologies during the second quarter worth $53,000. US Bancorp DE boosted its position in TETRA Technologies by 2,038.0% during the third quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 16,875 shares in the last quarter. Finally, Norden Group LLC acquired a new stake in TETRA Technologies in the first quarter valued at $83,000. Institutional investors and hedge funds own 70.19% of the company’s stock.

About TETRA Technologies

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.