TT Electronics (LON:TTG) Shares Down 11% – Here’s Why

TT Electronics plc (LON:TTG) shares fell 11% on Thursday . The stock traded as low as GBX 91 ($1.16) and last traded at GBX 105.50 ($1.35). 2,244,120 shares were traded during trading, an increase of 269% from the average session volume of 608,427 shares. The stock had previously closed at GBX 118.50 ($1.51).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered shares of TT Electronics to a “hold” rating and decreased their target price for the stock from GBX 260 ($3.32) to GBX 100 ($1.28) in a report on Tuesday, September 17th.

TT Electronics Trading Down 13.1 %

The company has a quick ratio of 0.93, a current ratio of 2.26 and a debt-to-equity ratio of 71.97. The firm has a market capitalization of £182.61 million, a P/E ratio of -1,692.86, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95. The firm’s 50-day simple moving average is GBX 95.90 and its 200-day simple moving average is GBX 126.94.

About TT Electronics

TT Electronics plc provides design-led advanced electronics technologies for performance critical applications in the healthcare, aerospace and defense, and automation and electrification markets in the United Kingdom, Rest of Europe, North America, Asia, and internationally. The company operates through three segments: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components.