Shares of Tetra Technologies Inc. (NYSE:TTI) traded down 2.7% during trading on Monday . The stock traded as low as $6.32 and last traded at $6.43, with a volume of 424,034 shares trading hands. The stock had previously closed at $6.61.

Several analysts have recently commented on the company. Zacks Investment Research downgraded Tetra Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Morgan Stanley assumed coverage on Tetra Technologies in a research note on Wednesday, August 10th. They issued an “overweight” rating and a $10.00 target price for the company. Simmons restated an “overweight” rating and issued a $7.60 target price (up from $7.35) on shares of Tetra Technologies in a research note on Wednesday, August 10th. JPMorgan Chase & Co. set a $8.00 target price on Tetra Technologies and gave the company a “buy” rating in a research note on Tuesday, August 9th. Finally, Credit Suisse Group AG set a $8.00 target price on Tetra Technologies and gave the company a “buy” rating in a research note on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Tetra Technologies has an average rating of “Buy” and an average target price of $8.26.

The company has a 50-day moving average of $6.16 and a 200-day moving average of $6.05. The stock’s market cap is $595.17 million.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.03. During the same period last year, the company posted $0.16 earnings per share. The firm had revenue of $175.66 million for the quarter, compared to the consensus estimate of $188.42 million. The business’s revenue was down 44.5% on a year-over-year basis. Equities analysts forecast that Tetra Technologies Inc. will post ($0.48) earnings per share for the current year.

In related news, VP Joseph J. Meyer sold 11,246 shares of the business’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $5.41, for a total transaction of $60,840.86. Following the transaction, the vice president now owns 17,011 shares in the company, valued at $92,029.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Elisabeth K. Evans sold 16,205 shares of the business’s stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $6.02, for a total transaction of $97,554.10. Following the transaction, the vice president now owns 31,908 shares in the company, valued at approximately $192,086.16. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in the stock. State of Wisconsin Investment Board boosted its position in shares of Tetra Technologies by 3.1% in the fourth quarter. State of Wisconsin Investment Board now owns 149,348 shares of the company’s stock valued at $1,123,000 after buying an additional 4,466 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Tetra Technologies by 15.9% in the fourth quarter. Victory Capital Management Inc. now owns 156,817 shares of the company’s stock valued at $1,179,000 after buying an additional 21,495 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Tetra Technologies during the fourth quarter valued at about $1,386,000.

TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.

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