Tetra Tech (TTEK) : Traders are bullish on Tetra Tech (TTEK) as it has outperformed the S&P 500 by a wide margin of 5.04% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.09%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.06% in the last 1 week, and is up 5.44% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Tetra Tech, Inc. is up 21.15% in the last 3-month period. Year-to-Date the stock performance stands at 34.54%. The stock has recorded a 20-day Moving Average of 3.95% and the 50-Day Moving Average is 9.25%.
Tetra Tech (NASDAQ:TTEK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.61 and $34.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.70, notching a gain of 0.14% for the day. The total traded volume was 288,652 . The stock had closed at $34.65 on the previous day.
Also, Equity Analysts at the Brokerage Firm, FBR Capital, maintains their rating on the shares of Tetra Tech (NASDAQ:TTEK). FBR Capital has a Market Perform rating on the shares. As per the latest research report, the brokerage house raises the price target to $36 per share from a prior target of $32. The rating by the firm was issued on July 29, 2016.
Tetra Tech, Inc. is a provider of consulting, engineering, program management, construction management and technical services focusing on natural resource management, infrastructure, energy and the environment. The Company is a full-service company that leads with science. The Company serves public and private clients by addressing the fundamental needs for water, natural resources, environmental services, infrastructure and energy. Its solutions span the entire life cycle of the project and include applied science, research and technology, engineering, design, construction management, construction, operations and maintenance, and information technology. The Company operates through four segments: Engineering and Consulting Services (ECS), Technical Support Services (TSS), Engineering and Architecture Services (EAS) and Remediation and Construction Management (RCM).