Drilling Tools International (NASDAQ:DTI) Earns "Sell (D)" Rating from Weiss Ratings

Key Points

• Drilling Tools International (NASDAQ: DTI) has received a "sell (d)" rating from Weiss Ratings, reflecting bearish sentiment from analysts.
• Following a disappointing quarterly earnings report, where it missed earnings expectations, Zacks Research downgraded the company from a "hold" to a "strong sell" rating.
• The company's stock is currently trading at $2.23, significantly lower than its 52-week high of $3.84, indicating potential volatility and investment risk.

Drilling Tools International (NASDAQ:DTI - Get Free Report)'s stock had its "sell (d)" rating reiterated by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Zacks Research lowered Drilling Tools International from a "hold" rating to a "strong sell" rating in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $5.50.

Drilling Tools International Trading Down 1.3%

NASDAQ DTI traded down $0.03 on Wednesday, hitting $2.23. The company's stock had a trading volume of 60,901 shares, compared to its average volume of 123,451. Drilling Tools International has a 52-week low of $1.43 and a 52-week high of $3.84. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.41. The company's 50-day simple moving average is $2.09 and its 200 day simple moving average is $2.35. The firm has a market cap of $79.52 million, a P/E ratio of -17.15 and a beta of -0.37.

Drilling Tools International (NASDAQ:DTI - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.06). Drilling Tools International had a positive return on equity of 4.29% and a negative net margin of 2.81%.The business had revenue of $39.42 million during the quarter, compared to analysts' expectations of $40.14 million. Drilling Tools International has set its FY 2025 guidance at EPS. Research analysts predict that Drilling Tools International will post 0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DTI. Gendell Jeffrey L increased its position in Drilling Tools International by 20.9% during the 2nd quarter. Gendell Jeffrey L now owns 1,414,027 shares of the company's stock valued at $4,030,000 after buying an additional 244,157 shares in the last quarter. Global Retirement Partners LLC bought a new position in Drilling Tools International during the 2nd quarter valued at approximately $221,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Drilling Tools International in the 2nd quarter worth $139,000. Bridgeway Capital Management LLC increased its holdings in shares of Drilling Tools International by 187.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 71,741 shares of the company's stock worth $204,000 after purchasing an additional 46,741 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Drilling Tools International in the 2nd quarter worth $49,000. Institutional investors own 2.79% of the company's stock.

About Drilling Tools International

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.

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