TETRA Technologies Inc. (NYSE: TTI) stock closed at $3.70 on 5/1/24 after a major decline of -13.8%. Moreover, exceptionally high trading volume at 371% of normal accompanied the decline. The stock has been extremely weak relative to the market over the last nine months and has declined -17.4% 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 D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. TETRA Technologies has a slightly positive Appreciation Score of 67 but a very low Power Rating of 3, with the Negative Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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