TT Electronics (LON:TTG) Share Price Passes Above 200-Day Moving Average – Should You Sell?

TT Electronics plc (LON:TTG) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 117.05 and traded as high as GBX 118. TT Electronics shares last traded at GBX 117.20, with a volume of 43,655 shares traded.

Wall Street Analyst Weigh In

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

TT Electronics Stock Down 0.7%

The stock has a market capitalization of £209.11 million, a P/E ratio of -4.11, a P/E/G ratio of 0.60 and a beta of 0.83. The company’s 50-day moving average price is GBX 117.05 and its 200 day moving average price is GBX 117.05. The company has a debt-to-equity ratio of 70.10, a quick ratio of 0.93 and a current ratio of 1.71.

Insiders Place Their Bets

In other TT Electronics news, insider Phil Swash purchased 100,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was acquired at an average price of GBX 119 per share, for a total transaction of £119,000. Corporate insiders own 8.80% of the company’s stock.

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.