Alert: Positive Investment/Fundamental Signals (11/17/23)-Tetra Tech Inc (NASDAQ: TTEK)


Tetra Tech Inc (NASDAQ: TTEK) has recently enjoyed extremely important positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.

Tetra Tech Inc (NASDAQ: TTEK). Slight positive changes in fundamentals have recently occurred: significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

TTEK is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Tetra Tech has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Tetra Tech has a very low Appreciation Score of 8 but a very high Power Rating of 87, with the Low Neutral Value Trend Rating the result.

Recent Price Action

Tetra Tech Inc (NASDAQ: TTEK) stock closed at $165.10 on 11/17/23 after a modest gain of 0.8%. The stock has risen 7.4% during the last week and has been exceptionally strong relative to the market over the last nine months.

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