Techtronic Industries (OTCMKTS:TTNDY) Shares Gap Down - Time to Sell?

Key Points

• Techtronic Industries (OTCMKTS:TTNDY) shares gapped down, opening at $62.02, down from a previous close of $64.00, with the stock trading at $62.98 afterwards.
• CLSA upgraded Techtronic Industries to a "strong-buy" rating, with a consensus rating also reflecting a "Strong Buy" from analysts.
• The company recently increased its dividend to $0.7762 per share, delivering a dividend yield of 231.0%, which is an increase from the previous dividend of $0.74.

Techtronic Industries Co. (OTCMKTS:TTNDY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $64.00, but opened at $62.02. Techtronic Industries shares last traded at $62.98, with a volume of 839 shares.

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, According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

Techtronic Industries Trading Down 2.6%

The business has a fifty day simple moving average of $63.10 and a 200-day simple moving average of $58.11.

Techtronic Industries Increases Dividend

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

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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