Drilling Tools International (NASDAQ:DTI) Stock Rating Lowered by Wall Street Zen
by Renee Jackson · The Cerbat GemDrilling Tools International (NASDAQ:DTI – Get Free Report) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Sunday.
DTI has been the topic of several other reports. Zacks Research upgraded shares of Drilling Tools International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Drilling Tools International in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.
Read Our Latest Research Report on DTI
Drilling Tools International Trading Up 2.3%
Drilling Tools International stock opened at $3.08 on Friday. The firm’s 50-day moving average is $3.69 and its 200-day moving average is $3.07. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.52 and a current ratio of 2.11. Drilling Tools International has a 1 year low of $1.65 and a 1 year high of $4.69. The company has a market cap of $108.39 million, a P/E ratio of -25.66, a PEG ratio of 1.76 and a beta of -0.47.
Drilling Tools International (NASDAQ:DTI – Get Free Report) last posted its quarterly earnings results on Thursday, March 5th. The company reported $0.04 earnings per share (EPS) for the quarter. Drilling Tools International had a negative net margin of 2.36% and a positive return on equity of 1.88%. The company had revenue of $38.51 million for the quarter, compared to the consensus estimate of $37.02 million. On average, equities analysts expect that Drilling Tools International will post 0.19 earnings per share for the current year.
Insider Activity at Drilling Tools International
In other Drilling Tools International news, insider Michael Wayne Jr. Domino sold 24,996 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $4.00, for a total transaction of $99,984.00. Following the sale, the insider directly owned 1,433,054 shares in the company, valued at approximately $5,732,216. The trade was a 1.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 35,411 shares of company stock worth $138,207. 17.10% of the stock is currently owned by insiders.
Institutional Trading of Drilling Tools International
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd raised its position in shares of Drilling Tools International by 52.3% during the 4th quarter. XTX Topco Ltd now owns 16,026 shares of the company’s stock worth $39,000 after buying an additional 5,504 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Drilling Tools International during the 2nd quarter worth about $49,000. Geode Capital Management LLC raised its position in shares of Drilling Tools International by 12.7% during the 4th quarter. Geode Capital Management LLC now owns 159,400 shares of the company’s stock worth $391,000 after buying an additional 17,926 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Drilling Tools International during the 3rd quarter worth about $55,000. Finally, Veradace Capital Management LLC bought a new stake in shares of Drilling Tools International during the 4th quarter worth about $62,000. 2.79% of the stock is currently owned by institutional investors.
Drilling Tools International Company Profile
Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.