TT Electronics plc (LON:TTG - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 90.12 ($1.20) and traded as low as GBX 71.60 ($0.96). TT Electronics shares last traded at GBX 73 ($0.97), with a volume of 1,060,938 shares trading hands.
Analysts Set New Price Targets
Separately, Royal Bank of Canada cut shares of TT Electronics to a "sector perform" rating and reduced their price objective for the stock from GBX 140 ($1.87) to GBX 85 ($1.13) in a research note on Tuesday, April 15th.
Read Our Latest Stock Report on TT Electronics
TT Electronics Stock Up 4.6 %
The stock's 50-day simple moving average is GBX 79.78 and its 200 day simple moving average is GBX 89.69. 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 cap of £145.01 million, a P/E ratio of -11.37, a PEG ratio of 0.60 and a beta of 0.95.
TT Electronics (LON:TTG - Get Free Report) last announced its quarterly earnings results on Thursday, April 10th. The company reported GBX 11 ($0.15) EPS for the quarter. TT Electronics had a negative net margin of 2.19% and a negative return on equity of 4.73%. As a group, research analysts forecast that TT Electronics plc will post 16.7485822 EPS for the current fiscal year.
Insider Buying and Selling at TT Electronics
In other TT Electronics news, insider Warren Tucker purchased 32,902 shares of the company's stock in a transaction that occurred on Thursday, April 10th. The shares were acquired at an average cost of GBX 76 ($1.01) per share, for a total transaction of £25,005.52 ($33,389.66). Company insiders own 9.06% of the company's stock.
About TT Electronics
(
Get Free Report)
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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