TT Electronics (LON:TTG) Stock Price Down 20.2% – Here’s Why

TT Electronics plc (LON:TTG) shares 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.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their target price on 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, Based on data from MarketBeat, TT Electronics currently has an average rating of “Hold” and an average price target of GBX 96.

TT Electronics Trading Down 20.2%

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 company has a market cap of £189.05 million, a PE ratio of -2.83, a P/E/G ratio of 0.60 and a beta of 0.95. The business’s 50-day simple moving average is GBX 124.35 and its 200-day simple moving average is GBX 110.07.

TT Electronics (LON:TTG) last posted its quarterly earnings results on Wednesday, September 24th. The company reported GBX 1.90 EPS 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 expect that TT Electronics plc will post 16.7485822 EPS for the current fiscal 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.