TT Electronics (LON:TTG) Stock Crosses Below 200-Day Moving Average – Here’s Why

TT Electronics plc (LON:TTG) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 118.23 and traded as low as GBX 116. TT Electronics shares last traded at GBX 117, with a volume of 143,523 shares traded.

Analyst Upgrades and Downgrades

TTG has been the subject of several recent research reports. Stifel Nicolaus restated a “buy” rating and set a GBX 145 target price on shares of TT Electronics in a report on Thursday, March 26th. Jefferies Financial Group restated a “hold” rating and set a GBX 110 target price on shares of TT Electronics in a report on Friday, May 15th. Finally, Berenberg Bank upgraded shares of TT Electronics to a “buy” rating and increased their target price for the stock from GBX 120 to GBX 150 in a report on Monday, April 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 127.50.

TT Electronics Price Performance

The company has a debt-to-equity ratio of 70.10, a current ratio of 1.71 and a quick ratio of 0.93. The company’s 50-day simple moving average is GBX 117.78 and its 200-day simple moving average is GBX 118.23. The stock has a market capitalization of £208.70 million, a P/E ratio of -4.11, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84.

TT Electronics (LON:TTG) last posted its quarterly earnings results on Wednesday, March 25th. The company reported GBX 6.90 earnings per share (EPS) for the quarter. TT Electronics had a negative net margin of 10.51% and a negative return on equity of 31.21%. As a group, sell-side analysts expect that TT Electronics plc will post 16.7485822 EPS for the current fiscal year.

Insider Buying and Selling at TT Electronics

In related news, insider Phil Swash acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were bought at an average cost of GBX 119 per share, with a total value of £119,000. 8.76% of the stock is owned by insiders.

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.