Home Equities Score Why TETRA Technologies, Inc (TTI) stock went up on Tuesday?

Why TETRA Technologies, Inc (TTI) stock went up on Tuesday?

TETRA Technologies Inc. (TTI) shares gained 5.14% to trade at $3.48 in after-market on Tuesday, May 11, 2021. Earlier, TTI’s stock gained 0.91% to close Tuesday’s session at $3.31. TTI shares have surged 529.88% over the last 12 months, and they have moved up 12.20% in the past week. Over the past three months, the stock has gained 31.87%, while over the past six months, it has soared 513.08%.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Let’s discuss its recent news.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Recent financial results announcement

On May 4, 2021, TETRA Technologies, Inc released its first-quarter 2021 results.

Read More

Q1 2021 financial highlights

  • TETRA Technologies earned a revenue of $77 million in Q1 2021 compared to $132.7 million in Q1 2020.
  • It suffered a net loss of $11.9 million in Q1 2021 compared to $3.0 million in the first quarter of 2020.
  • Net income per share attributable to TETRA stockholders in the first quarter was $0.86, compared to $0.01 in Q1 2020.
  • Net loss per share attributable to TETRA stockholders was $0.04 which was the same in Q1 2020.
  • Adjusted EBITDA was $9.0 million in Q1 2021 compared to $21.83 in Q1 2020.
  • General and administrative expenses were $20 million in Q1 2021, the same as in Q1 2020.
  • Cash flow from operating activities was $5.8 million in the first quarter of 2021 and compares to $21.9 million in the first quarter of 2020.
  • At the end of the first quarter of 2021 TTI had net debt of $117 million. 

TETRA TechnologiesSigned MOU with CarbonFree

OnMay 3, 2021, TETRA Technologies, Inc signed a memorandum of understanding (MOU) with CarbonFreeto jointly advance innovative carbon capture utilization and storage (CCUS) technology.

CarbonFree’sSkyCycle™ technologyusecalcium chloride as a key part of the conversion chemistry. TETRA is a global leader in the production and chemistry for many commercial applications of calcium chloride, so the Companies plan to use each other’s technical expertise, chemistry know-how, production, and supply chain networks to jointly advance the commercialization of SkyCycle™.

New board member appointment

On April 5, 2021, TETRA Technologies, Inc announced the appointment of Shawn D. Williams as a member of the Board of Directors, effective March 31, 2021. Mr Williams will serve as an independent director.

FY 2020 financial results

TETRA Technologies announced its FY 2020 results on February 24, 2021.

  • TETRA Technologies revenue was $377.7 million in FY 2020 compared to $561.2 million in FY2019.
  • It suffered an operating loss of $25.1 million in FY 2020 compared to $ 128.1 million in FY2019.
  • Adjusted EBITDA was $49.1 million in FY 2020 compared to $64.6 million in 2019.
  • Cash flow from operations (including discontinued operations) was $76.9 million in FY 2020 compared to $90.2 million in FY 2019.

    Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion

Well, as of this writing we have no recent news which we could link to its positive performance on Tuesday. Also, it is hard to predict how TTI stock will perform in the coming days.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Tyme Technologies, Inc. (TYME) Stock Trends downwards Following Strong Q4 2021 Financials and Progress in OASIS Trial

Tyme Technologies, Inc. (TYME) stock prices was down by -6.92% shortly after market trading commenced on June 11th, 2021, bringing the price per share...

Prophase Labs Inc. (PRPH) stock surged during pre-market trading session. Let’s figure out why?

Prophase Labs Inc. (NASDAQ: PRPH) stock soared by 5.87% at last close as well as the PRPH stock price has been observed rising by...

Why Surgalign Holdings, Inc. (SRGA) stock is gloomy today?

Surgalign Holdings, Inc. (SRGA) stock announced the $50 million registered direct offering priced at the market under Nasdaq rules today on June 10, 2021,...

Exela Technologies Inc. (XELA) stock soars during pre-market. Here’s what you should know?

Exela Technologies Inc. (NASDAQ: XELA) stock gained by 8.28% at last close while the XELA stock price rises in the pre-market as well, by...

Atossa Therapeutics, Inc. (ATOS) stock gains during pre-market trading. Here’s to know why?

Atossa Therapeutics, Inc. (NASDAQ: ATOS) stock declined by 27.51% at the last close while the ATOS stock price rises further by 9.09% in the...

Magnachip Semiconductor Corporation (MX) stock is Popping High today: Why is it so?

Shares of the Magnachip Semiconductor Corporation (MX) stock were popping high after the announcement of its receival of unsolicited buyout bid from Cornucopia Investment...

Why is Autolus Therapeutics plc (AUTL) stock rising today?

Shares of  Autolus Therapeutics plc (AUTL) stock were rising today on June 11, 2021, following the release of the presentation data related to obe-cel...

Mustang Bio, Inc. (MBIO) stock is climbing today: Here is to know why.

Mustang Bio, Inc. (MBIO) stock announced the updated interim data from Phase 1/2 clinical trial of its MB-106 CD20-targeted, autologous CAR T today on...

Related News

Vertex Pharmaceuticals Inc. (VRTX) stock plunged during after-hour. Here’s what you should know

Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) stock gained by 1.5% at last close while the VRTX stock price declines during after-hour by 12.95%. Vertex is...

Bit Digital Inc. (BTBT) stock plunges during the current market trading session. What is happening?

Bit Digital Inc. (NASDAQ: BTBT) stock declined by -1.43% in the current market trading as of this writing. Bit Digital, Inc. is a Bitcoin...

Celsion Corporation (CLSN) stock gains in Pre-Market: Let’s Find out why.

Shares of Celsion Corporation (CLSN) stock were gaining in the pre-market today on June 10, 2021, following the announcement of new appointments by Celsion...

Medley Management Inc. (MDLY) stock soars during pre-market trading, given no recent update

Medley Management Inc. (NASDAQ: MDLY) stock gained by 8.96% at last close while the MDLY stock price rises by 108.90% in the pre-market trading...

Sphere 3D Corp. (ANY) stock surged during after-hour session. Why so?

Sphere 3D Corp. (NASDAQ: ANY) stock gained by 10.5% at last close while the ANY stock price soars further during the after-hour session by...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam