TTI stock touches 52-week low at $2.68 amid market challenges

Published 04/04/2025, 15:32
TTI stock touches 52-week low at $2.68 amid market challenges

Tetra Technologies Inc (NYSE:TTI) stock has reached a 52-week low, dipping to $2.68, as the company faces a tumultuous market environment. According to InvestingPro data, the stock’s RSI indicates oversold conditions, while analysts maintain a consensus "Strong Buy" rating with price targets ranging from $5.50 to $7.00. This latest price level reflects a significant downturn from the previous year, with TTI experiencing a 1-year change of -47.36%. Despite the decline, the company maintains strong fundamentals with a healthy current ratio of 2.19 and positive earnings, trading at an attractive P/E of 2.98. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of TTI among 1,400+ US equities.

In other recent news, Tetra Technologies reported its fourth-quarter 2024 earnings, which revealed a revenue shortfall. The company met earnings per share expectations at $0.03 but reported revenues of $135 million, falling short of the forecasted $139.17 million. Despite the revenue miss, Tetra Technologies achieved improved EBITDA margins and record performance in its Industrial Chemicals segment. Looking ahead, the company projects a strong start to 2025 with expected net income before taxes ranging from $19 million to $34 million and adjusted EBITDA between $55 million and $65 million for the first half of the year.

In governance news, Tetra Technologies announced that its 2025 Annual Meeting of Shareholders will be uncontested following the withdrawal of director nominees by the Radoff-Torok Group. This development comes after the group, which holds over 4.9% of the company, initially nominated four independent candidates, advocating for significant governance changes. The Radoff-Torok Group had criticized the current board for long-term underperformance and governance issues.

Additionally, Tetra Technologies continues to focus on strategic expansions, including potential developments in bromine plant projects and lithium production opportunities. The company is also advancing its water desalination projects, with several pilot operations expected in 2025. These initiatives reflect Tetra’s ongoing efforts to enhance its market position and explore new growth avenues.

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