TT Electronics (LON:TTG) Trading Down 20.2% – Time to Sell?

TT Electronics plc (LON:TTG)’s stock price dropped 20.2% during trading on Monday . The company traded as low as GBX 101.60 and last traded at GBX 106.40. Approximately 6,424,903 shares were traded during mid-day trading, an increase of 600% from the average daily volume of 918,000 shares. The stock had previously closed at GBX 133.40.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their target price on TT Electronics from GBX 98 to GBX 105 and gave the stock a “hold” rating in a report on Wednesday, September 24th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 96.

TT Electronics Stock Down 1.9%

The business’s fifty day moving average price is GBX 124.63 and its two-hundred day moving average price is GBX 110.32. The company has a debt-to-equity ratio of 71.97, a quick ratio of 0.93 and a current ratio of 2.26. The firm has a market capitalization of £198.65 million, a P/E ratio of -2.97, a PEG ratio of 0.60 and a beta of 0.95.

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

About TT Electronics

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.