TT Electronics (LON:TTG) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of TT Electronics plc (LON:TTG) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 119.77 and traded as high as GBX 122.40. TT Electronics shares last traded at GBX 119, with a volume of 141,331 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Berenberg Bank raised TT Electronics to a “buy” rating and upped their target price for the company from GBX 120 to GBX 150 in a research note on Monday, April 13th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 110 target price on shares of TT Electronics in a research note on Friday, May 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 145 target price on shares of TT Electronics in a research note on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, TT Electronics currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 127.50.

TT Electronics Price Performance

The company has a fifty day simple moving average of GBX 116.87 and a two-hundred day simple moving average of GBX 119.77. The company has a debt-to-equity ratio of 70.10, a quick ratio of 0.93 and a current ratio of 1.71. The company has a market capitalization of £211.95 million, a price-to-earnings ratio of -4.18, a P/E/G ratio of 0.60 and a beta of 0.84.

TT Electronics (LON:TTG) last issued its quarterly earnings results on Wednesday, March 25th. The company reported GBX 6.90 earnings per share for the quarter. TT Electronics had a negative return on equity of 31.21% and a negative net margin of 10.51%. As a group, research analysts anticipate 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. TT invests in R&D to create designed-in products where reliability is mission critical. Products designed and manufactured include sensors, power management and connectivity solutions.