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Techtronic Industries (OTCMKTS:TTNDY) Shares Gap Up - What's Next?

Techtronic Industries logo with Industrials background

Key Points

  • Techtronic Industries' stock experienced a significant gap up, opening at $63.23 after closing at $60.55, with the last traded price at $63.05.
  • CLSA has upgraded Techtronic Industries to a "strong-buy" rating, indicating favorable outlook from analysts.
  • The company has increased its dividend to $0.7402 per share, up from $0.67, providing a dividend yield of 2.37%.
  • Need better tools to track Techtronic Industries? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Techtronic Industries Co. (OTCMKTS:TTNDY - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $60.55, but opened at $63.23. Techtronic Industries shares last traded at $63.05, with a volume of 1,599 shares trading hands.

Analyst Upgrades and Downgrades

Separately, CLSA upgraded shares of Techtronic Industries to a "strong-buy" rating in a research note on Monday, June 23rd.

Get Our Latest Stock Analysis on TTNDY

Techtronic Industries Trading Up 0.3%

The company's 50 day moving average price is $57.33 and its 200 day moving average price is $59.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.74 and a current ratio of 1.57.

Techtronic Industries Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, May 19th were issued a dividend of $0.7402 per share. The ex-dividend date was Friday, May 16th. This is a positive change from Techtronic Industries's previous dividend of $0.67. This represents a yield of 237.0%.

Techtronic Industries Company Profile

(Get Free Report)

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.

Further Reading

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