TIC Solutions (NYSE:TIC) Cut to “Strong Sell” at 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 on Thursday,Zacks.com reports.

A number of other research analysts also recently commented on TIC. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $8.00 target price (down from $14.00) on shares of TIC Solutions in a research report on Friday. Weiss Ratings began coverage on shares of TIC Solutions in a research report on Thursday. They issued a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Sell” and a consensus price target of $8.00.

TIC Solutions Trading Down 5.7%

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

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

TIC Solutions Company Profile

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.