TIC Solutions (NYSE:TIC) Lowered to “Strong Sell” Rating by Zacks Research

TIC Solutions (NYSE:TIC) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

TIC has been the topic of a number of other research reports. Weiss Ratings initiated coverage on TIC Solutions in a report on Thursday. They set a “sell (d-)” rating on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $8.00 target price (down from $14.00) on shares of TIC Solutions in a report on Friday. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, TIC Solutions presently has a consensus rating of “Sell” and a consensus price target of $8.00.

TIC Solutions Price Performance

Shares of TIC Solutions stock opened at $7.25 on Thursday. TIC Solutions has a 52-week low of $6.73 and a 52-week high of $14.94. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.41 and a quick ratio of 2.41.

TIC Solutions (NYSE:TIC) last released its earnings results on Thursday, March 12th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.29). The business had revenue of $508.27 million for the quarter, compared to analyst estimates of $531.05 million. TIC Solutions had a negative return on equity of 4.95% and a negative net margin of 5.69%.

About TIC Solutions

TIC Solutions, Inc provides critical asset integrity services in North America. The company offers testing, inspection, certification, and compliance (TICC) services, including various nondestructive testing (NDT) techniques, such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection. Its NDT activities include inspection and evaluation of industrial equipment through various technology-enabled methods to ensure asset integrity, prevent costly outages, failures, and accidents, and meet regulatory requirements without damaging the asset or component.