Techtronic Industries (OTCMKTS:TTNDY) Shares Gap Down – Time to Sell?

Techtronic Industries Co. (OTCMKTS:TTNDY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $57.8550, but opened at $54.80. Techtronic Industries shares last traded at $55.4125, with a volume of 3,098 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Techtronic Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Techtronic Industries presently has a consensus rating of “Buy”.

Techtronic Industries Stock Down 2.1%

The company has a 50 day moving average of $61.13 and a 200-day moving average of $59.74.

Techtronic Industries Increases Dividend

The company also recently declared a dividend, which was paid on Monday, September 29th. Stockholders of record on Thursday, September 4th were issued a dividend of $0.7762 per share. This is a boost from Techtronic Industries’s previous dividend of $0.74. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a dividend yield of 231.0%.

About Techtronic Industries

Techtronic Industries Company Limited engages in the design, manufacture, and marketing of power tools, outdoor power equipment, and floorcare and cleaning products in the North America, Europe, and internationally. The company operates through Power Equipment, and Floorcare & Cleaning Segments. It offers power tools, power tool accessories, outdoor products, and outdoor product accessories under the MILWAUKEE, EMPIRE, AEG, RYOBI, HOMELITE, and HART brands, as well as to original equipment manufacturer (OEM) customers.