Tetra Tech Stock Hits New 52-Week High (TTEK)

NEW YORK ( TheStreet) -- Tetra Tech (Nasdaq: TTEK) hit a new 52-week high Wednesday as it is currently trading at $27.19, above its previous 52-week high of $27.09 with 216,484 shares traded as of 2:10 p.m. ET. Average volume has been 379,800 shares over the past 30 days.

Tetra Tech has a market cap of $1.64 billion and is part of the services sector and diversified services industry. Shares are up 23% year to date as of the close of trading on Tuesday.

Tetra Tech Inc., together with its subsidiaries, provides consulting, engineering, program management, construction management, and technical services for water, natural resources, environment, infrastructure, and energy sectors. The company has a P/E ratio of 18.2, above the average diversified services industry P/E ratio of 18.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Tetra Tech as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Tetra Tech Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%