TT Electronics (LON:TTG) Trading Down 20.2% – Time to Sell?

TT Electronics plc (LON:TTG)’s stock price dropped 20.2% during mid-day trading on Monday . The company traded as low as GBX 101.60 and last traded at GBX 106.40. Approximately 6,424,903 shares were traded during mid-day trading, an increase of 600% from the average daily volume of 918,000 shares. The stock had previously closed at GBX 133.40.

Wall Street Analyst Weigh In

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

TT Electronics Trading Down 1.9%

The stock has a market cap of £198.65 million, a PE ratio of -2.97, a PEG ratio of 0.60 and a beta of 0.95. The company has a debt-to-equity ratio of 71.97, a quick ratio of 0.93 and a current ratio of 2.26. The stock has a fifty day moving average price of GBX 124.63 and a 200 day moving average price of GBX 110.32.

TT Electronics (LON:TTG) last posted its quarterly earnings data on Wednesday, September 24th. The company reported GBX 1.90 EPS for the quarter. TT Electronics had a negative net margin of 2.19% and a negative return on equity of 4.73%. Equities analysts expect that TT Electronics plc will post 16.7485822 EPS 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.