Stock Rating Upgrade
The Value Trend Rating for TETRA Technologies Inc. (NYSE: TTI) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
TETRA Technologies Inc. (NYSE: TTI) stock declined by -3.3% on 6/14/24. The shares closed at $3.22. However, trading volume in this decline was below average at 75% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -8.3% during the last week.
Current PriceTarget Research Rating
TTI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
TETRA Technologies has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. TETRA Technologies has a slightly positive Appreciation Score of 69 but a poor Power Rating of 20, triggering the Low Neutral Value Trend Rating.
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