TT Electronics (OTCMKTS:TTGPF) Trading 18.8% Higher – Time to Buy?

TT Electronics PLC (OTCMKTS:TTGPF)’s stock price traded up 18.8% during mid-day trading on Monday . The company traded as high as $1.58 and last traded at $1.58. 3,000 shares traded hands during mid-day trading, an increase of 475% from the average session volume of 522 shares. The stock had previously closed at $1.33.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised TT Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

TT Electronics Price Performance

The business’s 50 day simple moving average is $1.49 and its 200 day simple moving average is $1.55. The company has a quick ratio of 0.97, a current ratio of 1.71 and a debt-to-equity ratio of 0.68.

TT Electronics Company Profile

TT Electronics plc is a global provider of engineered electronics for performance-critical applications. The company develops and manufactures a range of sensors, precision resistors, magnetics and power modules, as well as connectors and cable assemblies. Its solutions support industries such as transportation, medical devices, industrial automation, defense and aerospace.

Operating from manufacturing and design centers across Europe, North America and Asia, TT Electronics serves a diverse international customer base.