Techtronic Industries (OTCMKTS:TTNDY) Sees Strong Trading Volume – Here’s Why

Techtronic Industries Co. (OTCMKTS:TTNDY) saw strong trading volume on Friday . 75,989 shares changed hands during mid-day trading, an increase of 67% from the previous session’s volume of 45,593 shares.The stock last traded at $65.4040 and had previously closed at $63.52.

Analyst Ratings Changes

Separately, Zacks Research raised Techtronic Industries from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Techtronic Industries currently has a consensus rating of “Buy”.

Techtronic Industries Stock Performance

The business has a 50 day simple moving average of $59.21 and a two-hundred day simple moving average of $60.52. The company has a quick ratio of 0.79, a current ratio of 1.54 and a debt-to-equity ratio of 0.21.

About Techtronic Industries

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.