TT Electronics (LON:TTG) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

TT Electronics plc (LON:TTG) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 116.73 and traded as low as GBX 115. TT Electronics shares last traded at GBX 118.80, with a volume of 2,617,881 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have commented on TTG shares. 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 reaffirmed a “buy” rating and issued a GBX 145 price objective on shares of TT Electronics in a research note on Thursday, March 26th. Finally, Berenberg Bank upgraded TT Electronics to a “buy” rating and boosted their price objective for the company from GBX 120 to GBX 150 in a report on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, TT Electronics has an average rating of “Moderate Buy” and a consensus target price of GBX 127.50.

TT Electronics Trading Up 2.1%

The company’s 50 day moving average price is GBX 117.10 and its 200 day moving average price is GBX 116.73. 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 firm has a market cap of £211.91 million, a PE ratio of -4.17, a price-to-earnings-growth ratio of 0.60 and a beta of 0.83.

Insiders Place Their Bets

In other TT Electronics news, insider Phil Swash bought 100,000 shares of TT Electronics stock in a transaction on Tuesday, June 9th. The shares were bought at an average cost of GBX 119 per share, for a total transaction of £119,000. 8.76% of the stock is currently 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.