Tetra Technologies (TTI) Shares are Down -1.9%

Tetra Technologies (TTI) : During the past 4 weeks, traders have been relatively bearish on Tetra Technologies (TTI), hence the stock is down -2.44% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.96% relative to the S&P 500. The 4-week change in the price of the stock is -1.44% and the stock has fallen -1.9% in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.09% and the 50-Day Moving Average is 1.56%. Tetra Technologies (NYSE:TTI): On Fridays trading session , Opening price of the stock was $6.24 with an intraday high of $6.3. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $6. However, the stock managed to close at $6.18, a loss of 0.96% for the day. On the previous day, the stock had closed at $6.24. The total traded volume of the day was 1,151,258 shares.


The company Insiders own 4.45% of Tetra Technologies shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.18% . Institutional Investors own 82.49% of Tetra Technologies shares. During last six month period, the net percent change held by insiders has seen a change of -13.18%. Also, Morgan Stanley initiates coverage on Tetra Technologies (NYSE:TTI). Morgan Stanley has a Overweight rating on the shares. As per the latest report, the brokerage house announces the price target to $10 per share. The rating by the firm was issued on August 11, 2016.

TETRA Technologies, Inc. is an oil and gas services company. The Company is focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, compression services and equipment, and selected offshore services, including well plugging and abandonment, decommissioning and diving. The Company has a limited domestic oil and gas production business. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore. The Companys Fluids division manufactures and markets clear brine fluids, additives, and associated products and services. The Production Testing division provides frac flowback, production well testing, offshore rig cooling and other associated services. The Compression division is a provider of compression services and equipment. The Offshore division provides downhole and subsea services, decommissioning and certain construction services.

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