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

Key Points

• Price broke key technical support: TT Electronics shares crossed below their 200‑day moving average, trading as low as GBX 115.20 and last at GBX 117.40 versus the 200‑day MA of GBX 119.82 (down ~0.7% on the day) on turnover of 6,227 shares.
• Analysts remain constructive: Berenberg upgraded to a "Buy" and raised its target to GBX 150 while Stifel Nicolaus reaffirmed "Buy" at GBX 145, leaving a consensus "Moderate Buy" with an average target of GBX 133.33.
• Underlying fundamentals are mixed: the company reported GBX 6.90 EPS for the quarter but shows negative profitability (ROE -31.21%, net margin -10.51%) and a debt/equity of 70.1, despite sell‑side forecasts of roughly GBX 16.75 EPS for the year.

TT Electronics plc (LON:TTG - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 119.82 and traded as low as GBX 115.20. TT Electronics shares last traded at GBX 117.40, with a volume of 6,227 shares.

Analyst Ratings Changes

A number of brokerages have issued reports on TTG. Berenberg Bank raised TT Electronics to a "buy" rating and raised their target price for the stock from GBX 120 to GBX 150 in a research note on Monday, April 13th. Stifel Nicolaus reaffirmed a "buy" rating and issued a GBX 145 target price on shares of TT Electronics in a research note on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 133.33.

TT Electronics Stock Down 0.7%

The business has a 50-day moving average of GBX 117.63 and a 200-day moving average of GBX 119.82. The company has a debt-to-equity ratio of 70.10, a quick ratio of 0.93 and a current ratio of 1.71. The stock has a market capitalization of £207.62 million, a price-to-earnings ratio of -4.09, a P/E/G ratio of 0.60 and a beta of 1.99.

TT Electronics (LON:TTG - Get Free Report) last issued its quarterly earnings data on Wednesday, March 25th. The company reported GBX 6.90 earnings per share (EPS) for the quarter. TT Electronics had a negative return on equity of 31.21% and a negative net margin of 10.51%. On average, sell-side analysts expect 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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