TT Electronics (LON:TTG) Trading Down 20.2% – What’s Next?

TT Electronics plc (LON:TTG) shares were down 20.2% on Monday . The stock traded as low as GBX 101.60 and last traded at GBX 106.40. Approximately 6,424,903 shares traded hands during 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 Analysts Forecast Growth

Separately, Canaccord Genuity Group raised 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. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 96.

TT Electronics Stock Down 1.9%

The company has a debt-to-equity ratio of 71.97, a current ratio of 2.26 and a quick ratio of 0.93. The stock has a market capitalization 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 50 day moving average price of GBX 124.63 and a 200-day moving average price of GBX 110.32.

TT Electronics (LON:TTG) last announced its quarterly earnings results on Wednesday, September 24th. The company reported GBX 1.90 EPS 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, analysts forecast that TT Electronics plc will post 16.7485822 earnings per share for the current fiscal 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.