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TheStreet Wire

Tetra Stock Hits New 52-Week Low (TTI)

By TheStreet Wire 06/01/12 - 10:01 AM EDT

Find out if (TTI) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Tetra Technologies (NYSE:TTI) hit a new 52-week low Friday as it is currently trading at $6.19, below its previous 52-week low of $6.22 with 27,926 shares traded as of 9:34 a.m. ET. Average volume has been 719,600 shares over the past 30 days.

Tetra has a market cap of $508.1 million and is part of the basic materials sector and energy industry. Shares are down 31.6% year to date as of the close of trading on Thursday.

TETRA Technologies, Inc. operates as a diversified oil and gas services company. The company operates in three divisions: Fluids, Production Enhancement, and Offshore. The company has a P/E ratio of 65.5, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Tetra as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Tetra Ratings Report.

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