In yesterday’s Wall Street session, Tetra Tech, Inc (NASDAQ:TTEK) shares traded at $38.37, down -2.56% from the previous session.
TTEK stock price is now -7.54% away from the 50-day moving average and -11.52% away from the 200-day moving average. The market capitalization of the company currently stands at $10.28B.
With the price target enhanced from $234 to $268, Maxim Group maintained Buy rating for Tetra Tech, Inc (NASDAQ: TTEK). On May 02, 2024, Northcoast Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $225, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
In other news, BURDICK STEVEN M, EVP, CFO sold 36,830 shares of the company’s stock on Sep 11 ’24. The stock was sold for $1,715,173 at an average price of $46.57. Upon completion of the transaction, the EVP, CFO now directly owns 112,620 shares in the company, valued at $4.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11 ’24, Director Ritrievi Kimberly E sold 6,500 shares of the business’s stock. A total of $302,120 was realized by selling the stock at an average price of $46.48. This leaves the insider owning 143,200 shares of the company worth $5.49 million. A total of 0.49% of the company’s stock is owned by insiders.
During the past 12 months, Tetra Tech, Inc has had a low of $31.61 and a high of $51.20. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 1.25, and a quick ratio of 1.25. According to the stock market information, the enterprise value for the company is $11746988032, which is based on a 31.09 price-to-earnings ratio, a 2.05 price-to-earnings-growth ratio, and a beta of 0.88. The fifty day moving average price for TTEK is $41.5 and a two-hundred day moving average price translates $43.36415 for the stock.
The latest earnings results from Tetra Tech, Inc (NASDAQ: TTEK) was released for 2024-09-29. The net profit margin was 6.41% and return on equity was 20.62% for TTEK. The company reported revenue of $1.37 billion for the quarter, compared to $1.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.03 percent.
