Techtronic Industries (OTCMKTS:TTNDY) Sees Strong Trading Volume – Still a Buy?

Shares of Techtronic Industries Co. (OTCMKTS:TTNDY) saw unusually-high trading volume on Thursday . Approximately 84,399 shares were traded during trading, an increase of 26% from the previous session’s volume of 67,213 shares.The stock last traded at $72.50 and had previously closed at $74.75.

Analyst Ratings Changes

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

Techtronic Industries Price Performance

The company has a current ratio of 1.67, a quick ratio of 0.79 and a debt-to-equity ratio of 0.09. The firm’s fifty day simple moving average is $72.13 and its 200-day simple moving average is $67.95.

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.