Traders Buy High Volume of TIC Solutions Put Options (NYSE:TIC)

TIC Solutions, Inc (NYSE:TIC) was the recipient of unusually large options trading activity on Thursday. Traders bought 5,000 put options on the stock. This is an increase of 481% compared to the average volume of 861 put options.

TIC Solutions Stock Performance

TIC Solutions stock opened at $8.94 on Friday. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average of $8.16 and a 200-day moving average of $9.55. The firm has a market cap of $1.98 billion, a P/E ratio of -17.20 and a beta of 3.21. TIC Solutions has a 1-year low of $6.36 and a 1-year high of $14.94.

TIC Solutions (NYSE:TIC) last posted its earnings results on Wednesday, May 6th. The company reported ($0.19) earnings per share for the quarter. The firm had revenue of $488.03 million for the quarter. TIC Solutions had a negative return on equity of 3.82% and a negative net margin of 5.77%. Sell-side analysts expect that TIC Solutions will post 0.37 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Apis Capital Advisors LLC purchased a new position in TIC Solutions during the 3rd quarter valued at $2,476,000. JPMorgan Chase & Co. increased its position in TIC Solutions by 328.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 209,938 shares of the company’s stock valued at $2,794,000 after purchasing an additional 160,992 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in TIC Solutions during the 4th quarter valued at $2,246,000. Tudor Investment Corp ET AL purchased a new position in TIC Solutions during the 3rd quarter valued at $1,832,000. Finally, Nkcfo LLC purchased a new position in TIC Solutions during the 3rd quarter valued at $1,664,000.

Analyst Ratings Changes

Several research analysts have commented on the stock. Zacks Research downgraded shares of TIC Solutions from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 12th. UBS Group lifted their price target on shares of TIC Solutions from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Roth Mkm reissued a “buy” rating and set a $11.50 price target on shares of TIC Solutions in a research note on Thursday, May 7th. JPMorgan Chase & Co. lifted their target price on shares of TIC Solutions from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings assumed coverage on shares of TIC Solutions in a research note on Thursday, March 12th. They issued a “sell (d-)” rating on the stock. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $11.50.

About TIC Solutions

Acuren Group Inc (NYSEAMERICAN:TIC) is a leading provider of non‐destructive testing (NDT), inspection, engineering and consulting services to the energy, petrochemical, manufacturing and infrastructure sectors. The company employs a range of advanced testing techniques—such as ultrasonic, radiographic, magnetic particle, liquid penetrant, eddy current and acoustic emission—to evaluate the integrity of pressure vessels, pipelines, storage tanks and other critical assets. By combining field inspections with laboratory analysis, Acuren helps clients identify defects, prevent equipment failures and meet regulatory requirements.

In addition to core NDT capabilities, Acuren offers specialty engineering and consulting services including fitness‐for‐service assessments, corrosion under insulation surveys, mechanical integrity programs, failure analysis and field machining.