TT Electronics (LON:TTG) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of TT Electronics plc (LON:TTG) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 109.82 and traded as high as GBX 138. TT Electronics shares last traded at GBX 132.40, with a volume of 530,872 shares traded.

Analysts Set New Price Targets

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

TT Electronics Stock 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 company’s 50-day moving average is GBX 124.35 and its two-hundred day moving average is GBX 109.82. The firm has a market cap of £235.25 million, a P/E ratio of -3.52, a PEG ratio of 0.60 and a beta of 0.95.

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