TT Electronics (LON:TTG) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?
by Michael Walen · The Markets DailyTT Electronics plc (LON:TTG – Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 112.05 and traded as low as GBX 109.28. TT Electronics shares last traded at GBX 110, with a volume of 314,706 shares trading hands.
Analyst Ratings Changes
Separately, Canaccord Genuity Group increased their target price on shares of TT Electronics from GBX 98 to GBX 105 and gave the stock a “hold” rating in a research report on Wednesday, September 24th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 96.
Check Out Our Latest Research Report on TT Electronics
TT Electronics Stock Performance
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 stock has a market cap of £192.30 million, a P/E ratio of -2.87, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95. The firm’s 50-day moving average is GBX 122.28 and its two-hundred day moving average is GBX 112.01.
Insider Buying and Selling at TT Electronics
In related news, insider Warren Tucker sold 48,445 shares of TT Electronics stock in a transaction on Thursday, January 8th. The shares were sold at an average price of GBX 109, for a total value of £52,805.05. Corporate insiders own 8.84% 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.