Drilling Tools International (DTI) Set to Announce Quarterly Earnings on Thursday

Drilling Tools International (NASDAQ:DTI) will be announcing its earnings results before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Investors that wish to listen to the company’s earnings conference call can do so using this link.

Drilling Tools International Price Performance

Shares of DTI opened at $3.50 on Wednesday. The firm’s 50-day simple moving average is $3.62 and its two-hundred day simple moving average is $4.68. Drilling Tools International has a fifty-two week low of $2.43 and a fifty-two week high of $6.36. The stock has a market cap of $121.47 million, a PE ratio of 8.97, a price-to-earnings-growth ratio of 1.01 and a beta of -0.96. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 1.97.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners dropped their target price 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.

About Drilling Tools International

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.