TT Electronics (LON:TTG) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

TT Electronics plc (LON:TTG) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 96.08 ($1.29) and traded as low as GBX 94.10 ($1.26). TT Electronics shares last traded at GBX 95.50 ($1.28), with a volume of 208,244 shares.

Analyst Upgrades and Downgrades

TTG has been the subject of several analyst reports. Canaccord Genuity Group increased their price target on shares of TT Electronics from GBX 98 to GBX 105 and gave the stock a “hold” rating in a report on Wednesday, September 24th. Berenberg Bank reissued a “hold” rating and set a GBX 98 price target on shares of TT Electronics in a report on Friday, August 1st. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 96.

TT Electronics Stock Performance

The company has a quick ratio of 0.93, a current ratio of 2.26 and a debt-to-equity ratio of 71.97. The company has a market capitalization of £169.01 million, a PE ratio of -2.53, a PEG ratio of 0.60 and a beta of 0.95. The stock’s fifty day simple moving average is GBX 102.63 and its 200-day simple moving average is GBX 96.08.

TT Electronics (LON:TTG) last issued its earnings results on Wednesday, September 24th. The company reported GBX 1.90 earnings per share (EPS) for the quarter. TT Electronics had a negative net margin of 2.19% and a negative return on equity of 4.73%. On average, research analysts predict that TT Electronics plc will post 16.7485822 earnings per share for the current fiscal year.

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.