TTM Technologies Stock Rating Lowered by Longbow Research (TTMI)

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TTM Technologies (NASDAQ:TTMI) was downgraded by research analysts at Longbow Research from a “buy” rating to a “neutral” rating in a report released on Thursday, TheFlyOnTheWall.com reports.

Shares of TTM Technologies (NASDAQ:TTMI) traded down 1.21% during mid-day trading on Thursday, hitting $7.755. The stock had a trading volume of 295,833 shares. TTM Technologies has a one year low of $6.53 and a one year high of $10.91. The stock’s 50-day moving average is $8.25 and its 200-day moving average is $9.16. The company has a market cap of $640.9 million and a price-to-earnings ratio of 30.19.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.05. The company had revenue of $366.10 million for the quarter, compared to the consensus estimate of $362.27 million. During the same quarter last year, the company posted $0.26 earnings per share. TTM Technologies’s revenue was down 4.1% compared to the same quarter last year. Analysts expect that TTM Technologies will post $0.71 EPS for the current fiscal year.

TTM Technologies, Inc (NASDAQ:TTMI) is a provider of time-critical and technologically complex printed circuit board (PCB) products and backplane assemblies (PCBs populated with electronic components), which serves as the foundation of sophisticated electronic products.

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