TT Electronics (LON:TTG) Stock Price Crosses Above 200-Day Moving Average of $155.46

TT Electronics plc (LON:TTG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 155.46 ($1.94) and traded as high as GBX 170.78 ($2.13). TT Electronics shares last traded at GBX 166.50 ($2.07), with a volume of 285,447 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TTG. Berenberg Bank reissued a “buy” rating and issued a GBX 260 ($3.24) target price on shares of TT Electronics in a research report on Monday, March 11th. Numis Securities reissued a “buy” rating and issued a GBX 260 ($3.24) target price on shares of TT Electronics in a research report on Friday, March 8th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 165 ($2.05) target price on shares of TT Electronics in a research report on Friday, April 12th.

TT Electronics Price Performance

The firm has a 50-day simple moving average of GBX 152.88 and a two-hundred day simple moving average of GBX 155.46. The company has a market capitalization of £295.47 million, a price-to-earnings ratio of -5,550.00, a P/E/G ratio of 0.60 and a beta of 0.91. The company has a current ratio of 2.06, a quick ratio of 0.93 and a debt-to-equity ratio of 74.42.

TT Electronics Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be given a dividend of GBX 4.65 ($0.06) per share. This is an increase from TT Electronics’s previous dividend of $2.15. This represents a yield of 3.33%. The ex-dividend date is Thursday, April 11th. TT Electronics’s dividend payout ratio (DPR) is currently -23,333.33%.

Insider Transactions at TT Electronics

In other news, insider Mark Hoad sold 54,120 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of GBX 156 ($1.94), for a total transaction of £84,427.20 ($105,100.46). Corporate insiders own 7.42% of the company’s stock.

About TT Electronics

TT Electronics plc provides design-led advanced electronics technologies for performance critical applications in the healthcare, aerospace and defense, and automation and electrification markets in the United Kingdom, Rest of Europe, North America, Asia, and internationally. The company operates through three segments: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components.