TT Electronics (LON:TTG) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

TT Electronics plc (LON:TTG) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 117.50 and traded as low as GBX 114. TT Electronics shares last traded at GBX 115.20, with a volume of 186,213 shares traded.

Analysts Set New Price Targets

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

TT Electronics Price Performance

The company has a market capitalization of £203.35 million, a P/E ratio of -4.00, a P/E/G ratio of 0.60 and a beta of 0.83. The firm’s fifty day moving average is GBX 117.23 and its 200 day moving average is GBX 117.35. The company has a debt-to-equity ratio of 70.10, a quick ratio of 0.93 and a current ratio of 1.71.

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

Insider Buying and Selling at TT Electronics

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

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. 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.