Drilling Tools International (DTI) Scheduled to Post Earnings on Thursday

Drilling Tools International (NASDAQ:DTI) will release its earnings data before the market opens on Thursday, November 14th. Analysts expect Drilling Tools International to post earnings of $0.06 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Drilling Tools International Stock Performance

Shares of DTI opened at $3.48 on Tuesday. The business’s fifty day simple moving average is $3.64 and its two-hundred day simple moving average is $4.71. The company has a current ratio of 1.97, a quick ratio of 1.50 and a debt-to-equity ratio of 0.21. Drilling Tools International has a 12 month low of $2.43 and a 12 month high of $6.36. The company has a market cap of $120.77 million, a price-to-earnings ratio of 8.92, a P/E/G ratio of 1.01 and a beta of -0.96.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners decreased their price target on Drilling Tools International from $8.50 to $7.50 and set a “buy” rating on the stock in a report on Wednesday, August 7th.

Drilling Tools International Company Profile

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.