Techtronic Industries (OTCMKTS:TTNDY) Shares Down 1.1% - Here's Why

Key Points

• Techtronic Industries shares fell by 1.1% to $63.29, despite a significant trading volume increase of 261% from the average.
• Analyst firm CLSA upgraded Techtronic Industries to a "strong-buy" rating, contributing to the stock's overall strong market standing.
• The company announced a dividend increase to $0.7762 per share for the upcoming payment on September 29th, enhancing shareholder returns.

Techtronic Industries Co. (OTCMKTS:TTNDY - Get Free Report)'s stock price fell 1.1% on Wednesday . The stock traded as low as $63.28 and last traded at $63.29. 84,672 shares traded hands during mid-day trading, an increase of 261% from the average session volume of 23,463 shares. The stock had previously closed at $63.98.

Analyst Upgrades and Downgrades

Separately, CLSA upgraded shares of Techtronic Industries to a "strong-buy" rating in a report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has an average rating of "Strong Buy".

Techtronic Industries Trading Down 1.1%

The company has a current ratio of 1.57, a quick ratio of 0.74 and a debt-to-equity ratio of 0.23. The stock's fifty day moving average price is $62.72 and its 200 day moving average price is $58.14.

Techtronic Industries Increases Dividend

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

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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