TT Electronics (LON:TTG) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Shares of TT Electronics plc (LON:TTG) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 89.72 ($1.20) and traded as low as GBX 88.50 ($1.18). TT Electronics shares last traded at GBX 88.60 ($1.18), with a volume of 59,226 shares changing hands.

Analyst Ratings Changes

Separately, Royal Bank of Canada lowered TT Electronics to a “sector perform” rating and decreased their price target for the company from GBX 140 ($1.87) to GBX 85 ($1.14) in a research note on Tuesday, April 15th.

TT Electronics Stock Performance

The stock has a market cap of £158.04 million, a price-to-earnings ratio of -12.39, a P/E/G ratio of 0.60 and a beta of 0.95. 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 company has a 50 day simple moving average of GBX 80.45 and a 200 day simple moving average of GBX 89.72.

TT Electronics (LON:TTG) last announced its quarterly earnings results on Thursday, April 10th. The company reported GBX 11 ($0.15) earnings per share (EPS) for the quarter. TT Electronics had a negative net margin of 2.19% and a negative return on equity of 4.73%. As a group, equities research analysts forecast that TT Electronics plc will post 16.7485822 EPS for the current year.

Insiders Place Their Bets

In other news, insider Warren Tucker purchased 32,902 shares of TT Electronics stock in a transaction dated Thursday, April 10th. The shares were bought at an average cost of GBX 76 ($1.02) per share, for a total transaction of £25,005.52 ($33,398.58). Insiders own 9.06% of the company’s stock.

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.