TT Electronics (LON:TTG) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• TT Electronics shares recently traded at GBX 103 ($1.39), exceeding the 200-day moving average of GBX 90.56 ($1.22) during trading, indicating a potential positive trend.
• Berenberg Bank has maintained a "hold" rating for TT Electronics, with a price target set at GBX 98, while analysts generally rate the stock with an average target of GBX 91.50.
• The company has a current market capitalization of £183.94 million and shows a debt-to-equity ratio of 71.97, reflecting its financial leverage position.

TT Electronics plc (LON:TTG - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 90.56 ($1.21) and traded as high as GBX 104.40 ($1.40). TT Electronics shares last traded at GBX 103 ($1.38), with a volume of 150,767 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a "hold" rating and set a GBX 98 price objective on shares of TT Electronics in a report on Friday, August 1st. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of GBX 91.50.

TT Electronics Price Performance

The firm has a market cap of £170.36 million, a price-to-earnings ratio of -317.88, a PEG ratio of 0.60 and a beta of 0.95. The company's fifty day moving average is GBX 101.39 and its 200 day moving average is GBX 90.92. The company has a quick ratio of 0.93, a current ratio of 2.26 and a debt-to-equity ratio of 71.97.

About TT Electronics

TT Electronics is a global provider of engineered electronics for performance critical applications. TT engineers and manufactures electronic solutions enabling a safer, healthier and more sustainable world. TT benefits from enduring megatrends in structurally high-growth markets including healthcare, aerospace, defence, automation and electrification.