TT Electronics (LON:TTG) Stock Price Passes Below 200-Day Moving Average – What’s Next?

TT Electronics plc (LON:TTG)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 118.23 and traded as low as GBX 116. TT Electronics shares last traded at GBX 117, with a volume of 143,523 shares.

Analyst Upgrades and Downgrades

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

TT Electronics Stock Performance

The stock has a market cap of £205.49 million, a PE ratio of -4.04, a P/E/G ratio of 0.60 and a beta of 0.84. The company has a quick ratio of 0.93, a current ratio of 1.71 and a debt-to-equity ratio of 70.10. The stock has a 50-day moving average of GBX 117.69 and a 200 day moving average of GBX 117.98.

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

Insider Buying and Selling at TT Electronics

In other news, insider Phil Swash acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average price of GBX 119 per share, with a total value of £119,000. Insiders own 8.76% of the company’s stock.

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.