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

Techtronic Industries Co. (OTCMKTS:TTNDY) shares gapped up before the market opened on Thursday . The stock had previously closed at $70.9250, but opened at $79.00. Techtronic Industries shares last traded at $79.65, with a volume of 7,990 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised Techtronic Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Techtronic Industries presently has a consensus rating of “Strong Buy”.

Techtronic Industries Trading Down 0.3%

The stock has a 50 day simple moving average of $71.98 and a two-hundred day simple moving average of $66.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.79 and a current ratio of 1.67.

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.