Tetra Technologies (NYSE:TTI) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Shares of Tetra Technologies, Inc. (NYSE:TTI - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.44 and traded as high as $3.65. Tetra Technologies shares last traded at $3.64, with a volume of 1,575,896 shares.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TTI. Stifel Nicolaus dropped their target price on shares of Tetra Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, April 15th. D. Boral Capital dropped their target price on shares of Tetra Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Wall Street Zen downgraded shares of Tetra Technologies from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.

Tetra Technologies Stock Performance

The stock's 50-day moving average is $3.18 and its 200-day moving average is $3.44. The stock has a market cap of $461.10 million, a price-to-earnings ratio of 4.13 and a beta of 1.37. The company has a current ratio of 2.54, a quick ratio of 1.61 and a debt-to-equity ratio of 0.66.

Tetra Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. Tetra Technologies had a net margin of 18.41% and a return on equity of 14.49%. The company had revenue of $157.14 million during the quarter, compared to the consensus estimate of $160.52 million. On average, analysts expect that Tetra Technologies, Inc. will post 0.15 EPS for the current year.

Institutional Trading of Tetra Technologies

Several large investors have recently bought and sold shares of TTI. Charles Schwab Investment Management Inc. grew its position in Tetra Technologies by 9.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,086,670 shares of the oil and gas company's stock valued at $3,890,000 after acquiring an additional 92,493 shares in the last quarter. M&T Bank Corp acquired a new stake in Tetra Technologies in the fourth quarter valued at approximately $53,000. Raymond James Financial Inc. acquired a new stake in Tetra Technologies in the fourth quarter valued at approximately $521,000. HighTower Advisors LLC acquired a new stake in Tetra Technologies in the fourth quarter valued at approximately $39,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Tetra Technologies during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 70.19% of the company's stock.

Tetra Technologies Company Profile

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.