TT Electronics (LON:TTG) Stock Price Up 7.1% – Still a Buy?

TT Electronics plc (LON:TTG)’s stock price rose 7.1% during trading on Wednesday . The company traded as high as GBX 116.51 and last traded at GBX 114. Approximately 3,344,343 shares were traded during trading, an increase of 267% from the average daily volume of 910,155 shares. The stock had previously closed at GBX 106.40.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their price target 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 investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 96.

TT Electronics Trading Down 1.1%

The company has a debt-to-equity ratio of 71.97, a current ratio of 2.26 and a quick ratio of 0.93. The firm has a market cap of £200.43 million, a price-to-earnings ratio of -3.00, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95. The business’s 50-day moving average price is GBX 124.63 and its two-hundred day moving average price is GBX 110.32.

TT Electronics (LON:TTG) last issued its quarterly earnings results on Wednesday, September 24th. The company reported GBX 1.90 earnings per share (EPS) for the quarter. TT Electronics had a negative return on equity of 4.73% and a negative net margin of 2.19%. Equities analysts expect that TT Electronics plc will post 16.7485822 earnings per share for the current 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.