TT Electronics (LON:TTG) Trading Down 17.4% – Here’s What Happened

TT Electronics plc (LON:TTG) traded down 17.4% on Thursday . The stock traded as low as GBX 61.90 ($0.81) and last traded at GBX 68.72 ($0.90). 2,366,831 shares changed hands during trading, an increase of 186% from the average session volume of 828,699 shares. The stock had previously closed at GBX 83.20 ($1.09).

TT Electronics Stock Down 0.3 %

The company has a current ratio of 2.26, a quick ratio of 0.93 and a debt-to-equity ratio of 71.97. The stock’s 50-day moving average price is GBX 83.13 and its 200-day moving average price is GBX 91.91. The company has a market cap of £133.58 million, a P/E ratio of -10.47, a PEG ratio of 0.60 and a beta of 0.95.

TT Electronics (LON:TTG) last posted its quarterly earnings results on Thursday, April 10th. The company reported GBX 11 ($0.14) earnings per share for the quarter. TT Electronics had a negative return on equity of 4.73% and a negative net margin of 2.19%. As a group, research analysts forecast that TT Electronics plc will post 16.7485822 EPS for the current year.

Insider Buying and Selling

In other TT Electronics news, insider Warren Tucker bought 32,902 shares of the stock in a transaction that occurred on Thursday, April 10th. The shares were bought at an average price of GBX 76 ($0.99) per share, for a total transaction of £25,005.52 ($32,729.74). 9.06% of the stock is owned by company insiders.

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.