TT Electronics (LON:TTG) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

TT Electronics plc (LON:TTG) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 96.72 and traded as low as GBX 95.60. TT Electronics shares last traded at GBX 96.20, with a volume of 160,605 shares traded.

Analysts Set New Price Targets

A number of research firms recently issued reports on TTG. Canaccord Genuity Group raised their price objective on shares of TT Electronics from GBX 98 to GBX 105 and gave the stock a “hold” rating in a report on Wednesday, September 24th. Berenberg Bank reiterated a “hold” rating and issued a GBX 98 target price on shares of TT Electronics in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 96.

TT Electronics Price Performance

The stock has a market cap of £171.85 million, a PE ratio of -2.57, a P/E/G ratio of 0.60 and a beta of 0.95. The company has a debt-to-equity ratio of 71.97, a current ratio of 2.26 and a quick ratio of 0.93. The firm’s 50 day moving average price is GBX 102.57 and its two-hundred day moving average price is GBX 96.72.

TT Electronics (LON:TTG) last posted its earnings results on Wednesday, September 24th. The company reported GBX 1.90 earnings per share for the quarter. TT Electronics had a negative net margin of 2.19% and a negative return on equity of 4.73%. On average, research analysts expect that TT Electronics plc will post 16.7485822 earnings per share for the current year.

TT Electronics Company Profile

TT Electronics is a global provider of engineered electronics for performance critical applications.
TT engineers and manufactures electronic solutions enabling a safer, healthier and more sustainable world. TT benefits from enduring megatrends in structurally high-growth markets including healthcare, aerospace, defence, automation and electrification.