TT Electronics (LON:TTG) Trading Down 20.2% – Here’s Why

Shares of TT Electronics plc (LON:TTG) traded down 20.2% on Monday . The stock traded as low as GBX 101.60 and last traded at GBX 106.40. 6,424,903 shares changed hands during trading, an increase of 600% from the average session volume of 918,000 shares. The stock had previously closed at GBX 133.40.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their price target on TT Electronics from GBX 98 to GBX 105 and gave the company a “hold” rating in a report on Wednesday, September 24th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, TT Electronics presently has an average rating of “Hold” and an average price target of GBX 96.

TT Electronics Price Performance

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 has a 50-day moving average price of GBX 124.63 and a 200 day moving average price of GBX 110.32. The stock has a market capitalization of £198.65 million, a price-to-earnings ratio of -2.97, a PEG ratio of 0.60 and a beta of 0.95.

TT Electronics (LON:TTG) last released its quarterly earnings results on Wednesday, September 24th. The company reported GBX 1.90 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, equities research analysts expect that TT Electronics plc will post 16.7485822 earnings per share for the current year.

About TT Electronics

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.