TT Electronics (LON:TTG) Share Price Crosses Above 200-Day Moving Average - What's Next?

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) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 90.56 ($1.22) and traded as high as GBX 104.40 ($1.41). TT Electronics shares last traded at GBX 103 ($1.39), with a volume of 150,767 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 98 price target on shares of TT Electronics in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of GBX 91.50.

TT Electronics Price Performance

The business's 50-day moving average price is GBX 101.67 and its 200-day moving average price is GBX 90.56. The company has a quick ratio of 0.93, a current ratio of 2.26 and a debt-to-equity ratio of 71.97. The firm has a market capitalization of £183.94 million, a PE ratio of -14.42, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95.

TT Electronics Company Profile

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.

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