TT Electronics (LON:TTG) Stock Passes Below 200 Day Moving Average – Time to Sell?

Shares of TT Electronics plc (LON:TTG) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 117.50 and traded as low as GBX 114. TT Electronics shares last traded at GBX 115.20, with a volume of 186,213 shares trading hands.

Analyst Ratings Changes

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

TT Electronics Price Performance

The company has a current ratio of 1.71, a quick ratio of 0.93 and a debt-to-equity ratio of 70.10. The company’s fifty day moving average is GBX 117.47 and its two-hundred day moving average is GBX 117.50. The stock has a market cap of £205.49 million, a price-to-earnings ratio of -4.04, a P/E/G ratio of 0.60 and a beta of 0.83.

TT Electronics (LON:TTG) last posted its quarterly earnings data on Wednesday, March 25th. The company reported GBX 6.90 earnings per share (EPS) 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 predict that TT Electronics plc will post 16.7485822 earnings per share for the current year.

Insider Buying and Selling at TT Electronics

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

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.