Techtronic Industries (OTCMKTS:TTNDY) Stock Price Up 0.5% - What's Next?

Key Points

• Techtronic Industries' stock price increased by 0.5% during mid-day trading, closing at $60.58 with a notable decline in trading volume.
• CLSA has raised Techtronic Industries to a "strong-buy" rating, signaling positive market sentiment for the company's stock.
• The company recently announced a dividend increase to $0.7402, reflecting a significant yield of 237.0% for its shareholders.

Techtronic Industries Co. (OTCMKTS:TTNDY - Get Free Report)'s share price traded up 0.5% during trading on Wednesday . The stock traded as high as $60.78 and last traded at $60.58. 19,178 shares changed hands during trading, a decline of 58% from the average session volume of 45,707 shares. The stock had previously closed at $60.28.

Wall Street Analysts Forecast Growth

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

Techtronic Industries Price Performance

The business's 50-day moving average price is $57.67 and its two-hundred day moving average price is $58.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.57 and a quick ratio of 0.74.

Techtronic Industries Increases Dividend

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

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.