TT Electronics (LON:TTG) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

TT Electronics plc (LON:TTG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 117.20 and traded as high as GBX 119.62. TT Electronics shares last traded at GBX 118, with a volume of 86,832 shares trading hands.

Analysts Set New Price Targets

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

TT Electronics Stock Performance

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 firm has a 50 day moving average price of GBX 116.96 and a two-hundred day moving average price of GBX 117.20. The company has a market capitalization of £210.54 million, a P/E ratio of -4.14, a price-to-earnings-growth ratio of 0.60 and a beta of 0.83.

Insider Buying and Selling

In related news, insider Phil Swash purchased 100,000 shares of the stock in a transaction on Tuesday, June 9th. The shares were purchased at an average cost of GBX 119 per share, for a total transaction of £119,000. 8.80% of the stock is currently owned by corporate insiders.

TT Electronics Company Profile

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.