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

TT Electronics plc (LON:TTG)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 118.41 and traded as low as GBX 116.25. TT Electronics shares last traded at GBX 120, with a volume of 111,896 shares traded.

Wall Street Analyst Weigh In

A number of research firms have commented on TTG. Stifel Nicolaus restated a “buy” rating and issued a GBX 145 price target on shares of TT Electronics in a research report on Thursday, March 26th. Berenberg Bank reiterated a “hold” rating and issued a GBX 120 target price on shares of TT Electronics in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 113.75.

TT Electronics Price Performance

The company has a market cap of £213.67 million, a P/E ratio of -3.19, a PEG ratio of 0.60 and a beta of 1.99. The company has a quick ratio of 0.93, a current ratio of 1.71 and a debt-to-equity ratio of 70.10. The firm has a fifty day moving average price of GBX 118.61 and a 200 day moving average price of GBX 118.51.

TT Electronics (LON:TTG) last released its quarterly earnings results on Wednesday, March 25th. The company reported GBX 6.90 earnings per share (EPS) for the quarter. TT Electronics had a negative return on equity of 31.21% and a negative net margin of 10.51%. Equities research analysts forecast that TT Electronics plc will post 16.7485822 earnings per share for the current year.

Insider Activity

In related news, insider Warren Tucker sold 48,445 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of GBX 109, for a total value of £52,805.05. Insiders own 8.76% 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.