Techtronic Industries (OTCMKTS:TTNDY) Sees Large Volume Increase - Here's What Happened

Key Points

• Techtronic Industries experienced a trading volume increase with 62,189 shares exchanged on Wednesday, despite a 10% decline from the previous day's volume.
• CLSA upgraded Techtronic Industries to a "strong-buy" rating, contributing to the company's average rating of "Strong Buy."
• The company announced a dividend increase to $0.7762, up from $0.74, with a yield of 231.0%, to be paid on September 29th.

Shares of Techtronic Industries Co. (OTCMKTS:TTNDY - Get Free Report) saw an uptick in trading volume on Wednesday . 62,189 shares traded hands during mid-day trading, a decline of 10% from the previous session's volume of 68,880 shares.The stock last traded at $63.74 and had previously closed at $63.98.

Wall Street Analysts Forecast Growth

Separately, CLSA raised Techtronic Industries to a "strong-buy" rating in a research note on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Techtronic Industries currently has an average rating of "Strong Buy".

Techtronic Industries Stock Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.74 and a current ratio of 1.57. The business has a 50 day simple moving average of $62.60 and a 200 day simple moving average of $58.10.

Techtronic Industries Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 29th. Shareholders of record on Thursday, September 4th will be paid a $0.7762 dividend. This is a boost from Techtronic Industries's previous dividend of $0.74. This represents a yield of 231.0%. The ex-dividend date is Wednesday, September 3rd.

Techtronic Industries Company Profile

Techtronic Industries Company Limited engages in the design, manufacture, and marketing of power tools, outdoor power equipment, and floorcare and cleaning products in the North America, Europe, and internationally. The company operates through Power Equipment, and Floorcare & Cleaning Segments. It offers power tools, power tool accessories, outdoor products, and outdoor product accessories under the MILWAUKEE, EMPIRE, AEG, RYOBI, HOMELITE, and HART brands, as well as to original equipment manufacturer (OEM) customers.

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