Puzzling Price Reaction : International Flavors & Fragrances Inc. (IFF), TETRA Technologies, Inc. (TTI)

The stocks of International Flavors & Fragrances Inc. (NYSE:IFF) has been Initiated to Market Perform by Wells Fargo in its latest research note that was published on October 16. The stock also received a Buy rating from Societe Generale. This was contained in a research note published by the firm on September 10. The stock received a Buy to Hold rating and a price target of $155 to $133 in Berenberg’s research note that was published on August 08.

International’s stock is covered by 17 analysts, with 5 of them rating the stock as Buy. It has been deemed to have strong buy by 2 of the analysts, 8 of them have rated it as a Hold while 2 of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 5 analysts. 2 of them rated it as strong buy with 7 of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that IFF has an average analyst rating of Hold.

International Flavors & Fragrances Inc., which has current market capitalization of above $14 Billion, published its last quarter earnings on June 30, 2019. The company was able to amass $1 Billion in revenue, which saw a quarterly growth rate of 40.39 percent. During that quarter of the year, International also recorded $1.53 earnings per share (EPS) which is $-0.01 above the $1.54 estimated by the analysts, leading to a surprise factor of -0.65%.

IFF surged by $11.99 during the normal trading session on Tuesday and reaching a high of $136.00 during the day while it closed the day at $134.46. The International stock had a high trading volume of 2.79 million shares on that day, which is high compared to the average daily volume of 1.26M shares. IFF has also gained 10.01% of its value over the past 7 days. However, the stock has surged by 10.62% in the 3 months of the year. Over the past six months meanwhile, it has lost 0.51% while it has added 0.14% year-on date.

Shares in TETRA Technologies, Inc. (NYSE:TTI) jumped over 1.02 percent on Tuesday. The company’s stock began trading at $1.98 above the previous closing price of $1.96, and finished the day at $1.95. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -10.55% from its 3 months high price. However, taking another look at TTI will indicate that it is trading +56% away from its 90-day low. Looking at the bigger picture, the TETRA Technologies, Inc. stock has dropped by -43.48% from its 52-week high while it has surged by +56% from its 52-week low price.

On December 28, 2018 Brightman Stuart M, CEO bought 100,000 shares of the company. The average price for that transaction was $1.41 per share, which meant that Brightman Stuart M spent $141,000.00 purchasing the stocks. The purchase was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Director, COOMBS PAUL D purchasing 150,000 shares of this stock on December 27, 2018. The average purchasing price for the stock was $1.38 per share, with the purchased stock accruing $207,000.00. Following this transaction, the insider now holds 925,552 shares of the company, which is worth around $115,000,000.00.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that TTI stock was rated as a Hold by TrendSpotter. Its short-term indicators reveal that TETRA has a 20-day average volume of 573120 shares. This has led to the TTI price forecast being placed as a Hold on an average basis. In the medium term, however, the TTI stock has its 50-Day average volume of 561568 shares, with the indicators also rating it as a Hold. Finally, in the long-term, the TTI stocks have a 100-Day average volume of 552526 shares, with the long-term indicators rating the stock as just ge: Hold.

TETRA has around 26 Million cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $207 Million. The TETRA stock is bringing in revenue of over 12 months, which is roughly 1 Billion. Despite all that, TETRA Technologies, Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 8.37%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 64.06%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 65.6%. Over the past 20 days, TETRA’s Stochastic %K stood at 53.53% while its Stochastic %D was revealed to be 39.51%.