TIC Solutions Target of Unusually High Options Trading (NYSE:TIC)

TIC Solutions, Inc (NYSE:TIC) saw some unusual options trading activity on Thursday. Stock traders acquired 5,000 put options on the stock. This represents an increase of approximately 481% compared to the average daily volume of 861 put options.

TIC Solutions Stock Up 1.1%

Shares of NYSE:TIC traded up $0.10 during midday trading on Thursday, reaching $9.04. The company had a trading volume of 188,039 shares, compared to its average volume of 2,747,599. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average price is $8.16 and its 200 day moving average price is $9.57. The stock has a market cap of $2.00 billion, a PE ratio of -17.34 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 released its earnings results on Wednesday, May 6th. The company reported ($0.19) earnings per share (EPS) for the quarter. TIC Solutions had a negative net margin of 5.77% and a negative return on equity of 3.82%. The company had revenue of $488.03 million during the quarter. Research analysts forecast that TIC Solutions will post 0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its position in shares of TIC Solutions by 123.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,277 shares of the company’s stock valued at $30,000 after acquiring an additional 1,258 shares during the period. FNY Investment Advisers LLC bought a new position in shares of TIC Solutions in the 3rd quarter valued at about $33,000. Clearstead Advisors LLC bought a new position in shares of TIC Solutions in the 3rd quarter valued at about $43,000. National Bank of Canada FI bought a new position in shares of TIC Solutions in the 3rd quarter valued at about $53,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of TIC Solutions in the 2nd quarter valued at about $82,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TIC shares. Roth Mkm reiterated a “buy” rating and issued a $11.50 price target on shares of TIC Solutions in a report on Thursday, May 7th. Weiss Ratings started coverage on shares of TIC Solutions in a report on Thursday, March 12th. They issued a “sell (d-)” rating for the company. UBS Group upped their price target on shares of TIC Solutions from $8.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research cut shares of TIC Solutions from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. Finally, Robert W. Baird set a $11.00 price target on shares of TIC Solutions in a report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target 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.