TT Electronics (LON:TTG) Shares Cross Below Two Hundred Day Moving Average - Should You Sell?

TT Electronics plc (LON:TTG - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 89.52 ($1.19) and traded as low as GBX 79.60 ($1.06). TT Electronics shares last traded at GBX 79.60 ($1.06), with a volume of 260,570 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut TT Electronics to a "sector perform" rating and decreased their target price for the stock from GBX 140 ($1.86) to GBX 85 ($1.13) in a report on Tuesday, April 15th.

TT Electronics Price Performance

The stock's fifty day moving average price is GBX 79.97 and its 200-day moving average price is GBX 89.56. The company has a debt-to-equity ratio of 71.97, a current ratio of 2.26 and a quick ratio of 0.93. The firm has a market cap of £155.72 million, a price-to-earnings ratio of -12.21, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95.

TT Electronics (LON:TTG - Get Free Report) last posted its quarterly earnings results on Thursday, April 10th. The company reported GBX 11 ($0.15) earnings per share for the quarter. TT Electronics had a negative return on equity of 4.73% and a negative net margin of 2.19%. Equities research analysts predict that TT Electronics plc will post 16.7485822 EPS for the current fiscal year.

Insiders Place Their Bets

In other TT Electronics news, insider Warren Tucker purchased 32,902 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were bought at an average price of GBX 76 ($1.01) per share, for a total transaction of £25,005.52 ($33,172.62). Insiders own 9.06% of the company's stock.

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.