Shares of water purification specialist Tetra Tech have been on an amazing journey. Tetra stock skyrocketed about 287% in the past five years. Recently, its stock popped about 30% in under two months, rising from 122.86 on Oct. 14 to 153.24 Tuesday afternoon. Also on Tuesday, the Relative Strength (RS) Rating for Tetra stock entered a new percentile, climbing from 79 to 82.
The upgraded 82 RS Rating means Tetra Tech stock has outperformed 82% of all S&P 500 stocks over the past 12 months. It's a significant jump because research shows that the best stocks often have an RS Rating north of 80 as they begin their biggest price moves.
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Tetra Tech Stock Working On Double Bottom Base
Tetra Tech stock also has an 85 Composite Rating, out of 99. And it boasts an outstanding 93 Earnings Per Share Rating and a B- Accumulation/Distribution Rating on an A+ to E scale. the B- rating shows that institutional investors like insurance funds and mutual funds are moderately heavy buyers of its stock.
Tetra Tech is in a wide variety of global markets. It provides clean water equipment and systems, along with waste management, resource management, infrastructure and clean energy solutions.
Tetra Tech stock is trying to complete a double bottom base with a 170.05 entry. See if the stock can clear the breakout price in heavy trading.
One yellow flag is Tetra's weak sales growth last quarter. Revenue growth fell last quarter from 11% the prior quarter to 1%, or $902.6 million. However, its revenue growth ranged from 11% to 13% the prior three periods. Earnings last quarter climbed 20% to $1.26 per share. The prior three stanzas its EPS growth ranged from 14% to 24%.
Peers In Pollution-Control Industry Group
Tetra Tech stock earns the No. 11 rank among its peers in the Pollution-Control industry group. Hudson Technologies and Clean Harbors are among the group's highest-rated stocks.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive RS Rating from Investor's Business Daily identifies price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
