TT Electronics (LON:TTG) Share Price Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Technical signal: TT Electronics shares have crossed below their 200‑day moving average (200‑day = GBX 118.80), trading as low as GBX 115.20 and last at GBX 116 on volume of 82,338.
• Analyst consensus: The stock has a consensus rating of "Hold" (one Buy, three Holds) with a consensus price target of GBX 113.75; Stifel Nicolaus recently reiterated a GBX 145 Buy target while Berenberg affirmed a GBX 120 Hold target.
• Fundamentals show weakness: TT has a negative P/E (-4.07), negative net margin (-10.51%) and negative ROE (-31.21%), with a market cap of £206.55M and quarterly EPS of GBX 6.90.

Shares of TT Electronics plc (LON:TTG - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 118.80 and traded as low as GBX 115.20. TT Electronics shares last traded at GBX 116, with a volume of 82,338 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have commented on TTG shares. Stifel Nicolaus reiterated a "buy" rating and issued a GBX 145 price target on shares of TT Electronics in a research note on Thursday, March 26th. Berenberg Bank reiterated a "hold" rating and issued a GBX 120 price target on shares of TT Electronics in a research note on Wednesday, March 25th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 113.75.

TT Electronics Stock Down 1.7%

The company has a current ratio of 1.71, a quick ratio of 0.93 and a debt-to-equity ratio of 70.10. The firm's 50 day simple moving average is GBX 119.38 and its two-hundred day simple moving average is GBX 118.80. The firm has a market cap of £206.55 million, a price-to-earnings ratio of -4.07, a PEG ratio of 0.60 and a beta of 1.99.

TT Electronics (LON:TTG - Get Free Report) last released its earnings results on Wednesday, March 25th. The company reported GBX 6.90 earnings per share (EPS) for the quarter. TT Electronics had a negative net margin of 10.51% and a negative return on equity of 31.21%. On average, equities analysts forecast that TT Electronics plc will post 16.7485822 EPS for the current year.

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. TT invests in R&D to create designed-in products where reliability is mission critical. Products designed and manufactured include sensors, power management and connectivity solutions.

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