TT Electronics (LON:TTG) Shares Down 20.2% – Time to Sell?

TT Electronics plc (LON:TTG)’s stock price fell 20.2% during mid-day trading on Monday . The company traded as low as GBX 101.60 and last traded at GBX 106.40. 6,424,903 shares changed hands during mid-day trading, an increase of 600% from the average session volume of 918,000 shares. The stock had previously closed at GBX 133.40.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their target price on TT Electronics from GBX 98 to GBX 105 and gave the company a “hold” rating in a report on Wednesday, September 24th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 96.

TT Electronics Trading Down 20.2%

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 firm has a market capitalization of £189.05 million, a price-to-earnings ratio of -2.83, a P/E/G ratio of 0.60 and a beta of 0.95. The business has a 50-day moving average of GBX 124.42 and a two-hundred day moving average of GBX 110.16.

TT Electronics (LON:TTG) last announced its quarterly earnings data on Wednesday, September 24th. The company reported GBX 1.90 earnings per share (EPS) for the quarter. TT Electronics had a negative net margin of 2.19% and a negative return on equity of 4.73%. Research analysts predict that TT Electronics plc will post 16.7485822 EPS for the current fiscal year.

About TT Electronics

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.