TT Electronics (LON:TTG) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of TT Electronics plc (LON:TTG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 120.11 and traded as high as GBX 135.80. TT Electronics shares last traded at GBX 135, with a volume of 415,106 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 110 price target on shares of TT Electronics in a research note on Friday, May 15th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, TT Electronics currently has an average rating of “Moderate Buy” and an average price target of GBX 127.50.

TT Electronics Trading Up 0.4%

The firm has a market capitalization of £241.94 million, a price-to-earnings ratio of -4.76, a price-to-earnings-growth ratio of 0.60 and a beta of 0.83. The business’s 50 day moving average price is GBX 123.18 and its 200-day moving average price is GBX 120.22. The company has a debt-to-equity ratio of 70.10, a current ratio of 1.71 and a quick ratio of 0.93.

Insider Transactions at TT Electronics

In other TT Electronics news, insider Phil Swash bought 100,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average cost of GBX 119 per share, with a total value of £119,000. Insiders own 8.80% of the company’s stock.

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. TT invests in R&D to create designed-in products where reliability is mission critical. Products designed and manufactured include sensors, power management and connectivity solutions.