TT Electronics (LON:TTG) Shares Cross Below 200 Day Moving Average – What’s Next?

TT Electronics plc (LON:TTG) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 123.43 ($1.55) and traded as low as GBX 103 ($1.30). TT Electronics shares last traded at GBX 105.50 ($1.33), with a volume of 113,068 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank lowered TT Electronics to a “hold” rating and lowered their target price for the company from GBX 260 ($3.27) to GBX 100 ($1.26) in a report on Tuesday, September 17th.

TT Electronics Stock Performance

The company has a current ratio of 2.26, a quick ratio of 0.93 and a debt-to-equity ratio of 71.97. The stock has a market capitalization of £187.04 million, a P/E ratio of -1,507.14, a P/E/G ratio of 0.60 and a beta of 0.95. The company’s 50-day moving average is GBX 98.80 and its two-hundred day moving average is GBX 123.12.

About TT Electronics

TT Electronics plc provides design-led advanced electronics technologies for performance critical applications in the healthcare, aerospace and defense, and automation and electrification markets in the United Kingdom, Rest of Europe, North America, Asia, and internationally. The company operates through three segments: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components.