TT Electronics (OTCMKTS:TTGPF) Shares Up 1.5% – Here’s Why

TT Electronics PLC (OTCMKTS:TTGPFGet Free Report)’s stock price shot up 1.5% during trading on Wednesday . The company traded as high as $1.60 and last traded at $1.60. Approximately 600 shares changed hands during trading, an increase of 1,448% from the average daily volume of 39 shares. The stock had previously closed at $1.5757.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised shares of TT Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Check Out Our Latest Stock Analysis on TTGPF

TT Electronics Stock Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.97. The firm has a 50-day moving average of $1.50 and a 200-day moving average of $1.51.

TT Electronics Company Profile

(Get Free Report)

TT Electronics plc is a global provider of engineered electronics for performance-critical applications. The company develops and manufactures a range of sensors, precision resistors, magnetics and power modules, as well as connectors and cable assemblies. Its solutions support industries such as transportation, medical devices, industrial automation, defense and aerospace.

Operating from manufacturing and design centers across Europe, North America and Asia, TT Electronics serves a diverse international customer base.

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