Tetra Technologies Inc. (TTI) had a rough trading day for Wednesday January 23 as shares tumbled 9.25%, or a loss of $-0.21 per share, to close at $2.06. After opening the day at $2.29, shares of Tetra Technologies Inc. traded as high as $2.29 and as low as $2.05. Volume was 625,686 shares over 2,530 trades, against an average daily volume of 1.04 million shares and a total float of 125.71 million.
As a result of the decline, Tetra Technologies Inc. now has a market cap of $258.96 million. In the last year, shares of Tetra Technologies Inc. have traded between a range of $5.11 and $1.29, and its 50-day SMA is currently $2.21 and 200-day SMA is $3.72.
Tetra Technologies Inc is a diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, and compression services. It has five reporting segments organized into four divisions namely Fluids, Production Testing, Compression, and Offshore. The Fluids Division manufactures and markets clear brine fluids, additives, and associated products and services. The Compression Division is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage.
Tetra Technologies Inc. is based out of The Woodlands, TX and has some 2,600 employees. Its CEO is Stuart M. Brightman.