TT Electronics (LON:TTG) Shares Pass Above 200-Day Moving Average – What’s Next?

TT Electronics plc (LON:TTG) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 119.77 and traded as high as GBX 122.40. TT Electronics shares last traded at GBX 119, with a volume of 141,331 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TTG. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 145 price target on shares of TT Electronics in a research report on Thursday, March 26th. Berenberg Bank raised TT Electronics to a “buy” rating and increased their price target for the company from GBX 120 to GBX 150 in a research report on Monday, April 13th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 110 price target on shares of TT Electronics in a research report on Friday, May 15th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 127.50.

TT Electronics Stock Up 0.2%

The stock has a fifty day moving average price of GBX 117.30 and a 200 day moving average price of GBX 119.41. The company has a debt-to-equity ratio of 70.10, a current ratio of 1.71 and a quick ratio of 0.93. The stock has a market capitalization of £206.96 million, a P/E ratio of -4.08, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84.

TT Electronics (LON:TTG) last posted its quarterly earnings results on Wednesday, March 25th. The company reported GBX 6.90 EPS for the quarter. TT Electronics had a negative return on equity of 31.21% and a negative net margin of 10.51%. On average, research analysts forecast that TT Electronics plc will post 16.7485822 earnings per share for the current 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. 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.