TT Electronics (LON:TTG) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of TT Electronics plc (LON:TTG) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 89.72 ($1.21) and traded as low as GBX 89 ($1.20). TT Electronics shares last traded at GBX 90.80 ($1.22), with a volume of 133,183 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada lowered TT Electronics to a “sector perform” rating and dropped their price target for the stock from GBX 140 ($1.88) to GBX 85 ($1.14) in a research note on Tuesday, April 15th. Berenberg Bank restated a “hold” rating and set a GBX 98 ($1.32) price target on shares of TT Electronics in a research note on Friday, August 1st.

TT Electronics Trading Up 2.1%

The stock has a 50-day moving average of GBX 101.99 and a 200 day moving average of GBX 89.72. The stock has a market cap of £165.55 million, a PE ratio of -12.98, a price-to-earnings-growth 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.

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.