Large Outflow of Money Witnessed in Tetra Technologies

Shares of Tetra Technologies (NYSE:TTI) traded 0.13 points or 2.02% higher at $6.57.The total intraday money flow for the shares came in at a disappointing $(-0.8) million. The total upticks amounted to $0.8 million and the total downticks were approximately $1.61 million, with the up/down ratio of 0.5. On a different note, the shares have seen 17.32% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0.06 million in upticks and an outflow of $0.81 million in downticks. The up/down ratio for the block was found to be 0.08. The net money flow for the block transaction was $(-0.74) million.


Currently 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 -65.34% . Institutional Investors own 90.79% of Tetra Technologies shares. During last six month period, the net percent change held by insiders has seen a change of -65.34%. On the companys insider trading activities,The officer (VP Treasury) of Tetra Technologies Inc, Meyer Joseph J sold 11,246 shares at $5.43 on May 31, 2016. The Insider selling transaction had a total value worth of $61,066. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Tetra Technologies (NYSE:TTI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.17 points or 2.59% at $6.4 with 842,463 shares getting traded. Post opening the session at $6.5, the shares hit an intraday low of $6.36 and an intraday high of $6.58 and the price was in this range throughout the day. The company has a market cap of $515 million and the number of outstanding shares have been calculated to be 80,441,557 shares. The 52-week high of Tetra Technologies (NYSE:TTI) is $9.44 and the 52-week low is $4.62.

Many analysts have stated their opinion on the company shares. Brokerage firm Credit Suisse upgrades its rating on Tetra Technologies (NYSE:TTI). As per the latest information, the brokerage house raises the price target to $9 per share from a prior target of $6.5. The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 1, 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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