Techtronic Industries (OTCMKTS:TTNDY) Trading Up 0.5% - Still a Buy?

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 was up 0.5% during mid-day trading on Wednesday . The company traded as high as $60.78 and last traded at $60.58. Approximately 19,178 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 45,707 shares. The stock had previously closed at $60.28.

Analyst Ratings Changes

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

Techtronic Industries Price Performance

The company has a quick ratio of 0.74, a current ratio of 1.57 and a debt-to-equity ratio of 0.23. The business's fifty day moving average price is $57.58 and its 200 day moving average price is $59.07.

Techtronic Industries Increases Dividend

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

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.