Techtronic Industries (OTCMKTS:TTNDY) Shares Gap Up – Here’s What Happened

Shares of Techtronic Industries Co. (OTCMKTS:TTNDY) gapped up before the market opened on Tuesday . The stock had previously closed at $75.60, but opened at $78.93. Techtronic Industries shares last traded at $79.12, with a volume of 1,908 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Techtronic Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Techtronic Industries has a consensus rating of “Buy”.

Techtronic Industries Stock Performance

The company has a quick ratio of 0.79, a current ratio of 1.67 and a debt-to-equity ratio of 0.09. The business’s fifty day moving average is $73.73 and its 200 day moving average is $69.42.

Techtronic Industries Company Profile

Techtronic Industries Company Limited (TTI) is a Hong Kong?based global manufacturer and marketer of tools and equipment for professional, industrial and consumer markets. The company develops and sells power tools, outdoor power equipment, hand tools, accessories and floorcare products. TTI’s product strategy emphasizes cordless and battery?powered platforms, integrating advanced battery chemistry and brushless motor technology to serve trade professionals and DIY consumers seeking portable, high?performance solutions.

TTI markets its products through a portfolio of well?known brands and a broad distribution network that includes wholesalers, home improvement retailers, specialist dealerships and online channels.