TT Electronics (LON:TTG) Shares Down 20.2% – What’s Next?

TT Electronics plc (LON:TTG) was down 20.2% during mid-day trading on Monday . The stock traded as low as GBX 101.60 and last traded at GBX 106.40. Approximately 6,424,903 shares were traded during mid-day trading, an increase of 600% from the average daily volume of 918,000 shares. The stock had previously closed at GBX 133.40.

Wall Street Analysts Forecast Growth

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

TT Electronics Stock Down 20.2%

The business’s 50 day simple moving average is GBX 124.35 and its 200 day simple moving average is GBX 110.07. The company has a market capitalization of £189.05 million, a PE ratio of -2.83, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95. The company has a quick ratio of 0.93, a current ratio of 2.26 and a debt-to-equity ratio of 71.97.

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

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.