Drilling Tools International (NASDAQ:DTI - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02), Zacks reports. Drilling Tools International had a return on equity of 20.30% and a net margin of 9.70%. The business had revenue of $36.97 million during the quarter. Drilling Tools International updated its FY 2024 guidance to EPS.
Drilling Tools International Trading Up 2.0 %
Shares of NASDAQ:DTI traded up $0.11 during midday trading on Friday, reaching $5.65. 58,067 shares of the company's stock traded hands, compared to its average volume of 40,080. Drilling Tools International has a 1 year low of $2.43 and a 1 year high of $10.58. The company has a fifty day simple moving average of $4.13 and a two-hundred day simple moving average of $3.56.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group assumed coverage on shares of Drilling Tools International in a research report on Monday, February 26th. They set a "hold" rating and a $3.00 price objective on the stock.
View Our Latest Research Report on DTI
About Drilling Tools International
(
Get Free Report)
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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