Today's Strong And Under The Radar Stock: Tetra Tech (TTEK)

Trade-Ideas LLC identified Tetra Tech (TTEK) as a strong and under the radar candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Tetra Tech

(

TTEK

) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Tetra Tech as such a stock due to the following factors:

  • TTEK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $9.2 million.
  • TTEK has traded 14.49249999999999971578290569595992565155029296875 options contracts today.
  • TTEK is making at least a new 3-day high.
  • TTEK has a PE ratio of 18.
  • TTEK is mentioned 1.42 times per day on StockTwits.
  • TTEK has not yet been mentioned on StockTwits today.
  • TTEK is currently in the upper 20% of its 1-year range.
  • TTEK is in the upper 35% of its 20-day range.
  • TTEK is in the upper 45% of its 5-day range.
  • TTEK is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on TTEK:

Tetra Tech, Inc., together with its subsidiaries, provides consulting, engineering, program management, construction management, and technical services for water, environment, energy, infrastructure, and natural resources sectors. The stock currently has a dividend yield of 1.2%. TTEK has a PE ratio of 18. Currently there are 5 analysts that rate Tetra Tech a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Tetra Tech has been 341,300 shares per day over the past 30 days. Tetra Tech has a market cap of $1.6 billion and is part of the services sector and diversified services industry. The stock has a beta of 1.28 and a short float of 3.2% with 5.97 days to cover. Shares are up 1.3% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Tetra Tech as a

buy

. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • TETRA TECH INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past year. However, we anticipate this trend reversing over the coming year. During the past fiscal year, TETRA TECH INC reported lower earnings of $0.62 versus $1.66 in the prior year. This year, the market expects an improvement in earnings ($1.85 versus $0.62).
  • TTEK, with its decline in revenue, slightly underperformed the industry average of 5.2%. Since the same quarter one year prior, revenues slightly dropped by 7.0%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • After a year of stock price fluctuations, the net result is that TTEK's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. Despite the stock's decline during the last year, it is still somewhat more expensive (in proportion to its earnings over the last year) than most other stocks in its industry. We feel, however, that other strengths this company displays offset this slight negative.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Commercial Services & Supplies industry. The net income has significantly decreased by 240.4% when compared to the same quarter one year ago, falling from $22.59 million to -$31.72 million.

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