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

TT Electronics plc (LON:TTG - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 89.72 ($1.20) and traded as low as GBX 88.50 ($1.18). TT Electronics shares last traded at GBX 88.60 ($1.18), with a volume of 59,226 shares changing hands.

Analysts Set New Price Targets

Separately, Royal Bank of Canada cut TT Electronics to a "sector perform" rating and reduced their price objective for the stock from GBX 140 ($1.87) to GBX 85 ($1.14) in a report on Tuesday, April 15th.

TT Electronics Stock Down 0.7%

The company has a current ratio of 2.26, a quick ratio of 0.93 and a debt-to-equity ratio of 71.97. The stock has a market cap of £158.04 million, a P/E ratio of -12.39, a PEG ratio of 0.60 and a beta of 0.95. The firm has a 50-day simple moving average of GBX 80.45 and a two-hundred day simple moving average of GBX 89.72.

TT Electronics (LON:TTG - Get Free Report) last released 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%. Equities research analysts expect that TT Electronics plc will post 16.7485822 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Warren Tucker acquired 32,902 shares of TT Electronics stock in a transaction on Thursday, April 10th. The shares were purchased at an average cost of GBX 76 ($1.02) per share, for a total transaction of £25,005.52 ($33,398.58). 9.06% of the stock is currently owned by company insiders.

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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