Technip (TKPPY) Releases Quarterly Earnings
Technip (NASDAQ:TKPPY) released its earnings data on Thursday. The company reported $0.44 earnings per share for the quarter, Stock Ratings Network.com reports.
TKPPY has been the subject of a number of recent research reports. Analysts at Credit Suisse upgraded shares of Technip from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 25th. Analysts at Raymond James downgraded shares of Technip from a “market perform” rating to an “underperform” rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold”.
Shares of Technip (NASDAQ:TKPPY) traded down 9.15% on Thursday, hitting $23.83. The stock had a trading volume of 40,437 shares. Technip has a 52-week low of $21.08 and a 52-week high of $31.32. The stock has a 50-day moving average of $26.67 and a 200-day moving average of $25.39. The company has a market cap of $3.007 billion and a price-to-earnings ratio of 4.54.
Technip, formerly known as Technip SA, is a France-based company that is engaged in project management, engineering and construction for the energy industry, and holds a portfolio of solutions and technologies.
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