Tenneco Inc (NYSE:TEN)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $9.65 and last traded at $9.66, with a volume of 1355 shares trading hands. The stock had previously closed at $9.93.

A number of research firms have commented on TEN. Royal Bank of Canada restated a “buy” rating and issued a $97.00 target price on shares of Prestige Consumer Healthcare in a research report on Friday, March 15th. Morgan Stanley set a $12.00 target price on Adient and gave the company a “sell” rating in a research report on Wednesday, June 26th. Finally, UBS Group set a $133.00 target price on LHC Group and gave the company a “buy” rating in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $24.25.

The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.85 and a current ratio of 1.37. The stock has a market cap of $592.38 million, a PE ratio of 1.39 and a beta of 2.34. The firm’s fifty day simple moving average is $10.46.

Tenneco (NYSE:TEN) last posted its quarterly earnings data on Thursday, May 9th. The auto parts company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.42). The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Tenneco had a negative net margin of 0.85% and a positive return on equity of 25.31%. Tenneco’s quarterly revenue was up 73.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.56 EPS. On average, equities research analysts expect that Tenneco Inc will post 3.95 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. DNB Asset Management AS boosted its position in shares of Tenneco by 229.6% during the 2nd quarter. DNB Asset Management AS now owns 247,777 shares of the auto parts company’s stock worth $2,750,000 after acquiring an additional 172,600 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Tenneco by 14.5% during the 1st quarter. First Trust Advisors LP now owns 47,908 shares of the auto parts company’s stock worth $1,062,000 after acquiring an additional 6,059 shares in the last quarter. FMR LLC boosted its position in shares of Tenneco by 26.5% during the 1st quarter. FMR LLC now owns 194,232 shares of the auto parts company’s stock worth $4,304,000 after acquiring an additional 40,678 shares in the last quarter. Redwood Investment Management LLC boosted its position in shares of Tenneco by 68.1% during the 1st quarter. Redwood Investment Management LLC now owns 44,741 shares of the auto parts company’s stock worth $991,000 after acquiring an additional 18,119 shares in the last quarter. Finally, GYL Financial Synergies LLC acquired a new position in shares of Tenneco during the 1st quarter worth about $953,000. Hedge funds and other institutional investors own 90.68% of the company’s stock.

About Tenneco (NYSE:TEN)

Tenneco Inc designs, manufactures, and sells clean air, powertrain, and ride performance products and systems for light vehicle, commercial truck, off-highway, industrial, and aftermarket customers worldwide. The company offers clean air products and systems, including catalytic converters and diesel oxidation catalysts, diesel particulate filters, burner systems, lean nitrogen oxide (NOx) traps, hydrocarbon vaporizers and injectors, selective catalytic reduction (SCR) systems, SCR-coated diesel particulate filters systems, urea dosing systems, four-way catalysts, alternative NOx reduction technologies, mufflers and resonators, fabricated exhaust manifolds, pipes, hydroformed assemblies, elastomeric hangers and isolators, and aftertreatment control units.

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