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TT Electronics (LON:TTG) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

TT Electronics logo with Computer and Technology background

Key Points

  • TT Electronics plc shares surpassed their 200-day moving average during trading, reaching a high of GBX 101.80 and closing at GBX 98.
  • Berenberg Bank has reiterated a "hold" rating on TT Electronics with a target price of GBX 98, aligning with the market's average consensus of GBX 91.50.
  • The company specializes in engineered electronics for critical applications across high-growth markets, including healthcare and aerospace.
  • Five stocks to consider instead of TT Electronics.

Shares of TT Electronics plc (LON:TTG - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 91.76 ($1.24) and traded as high as GBX 101.80 ($1.38). TT Electronics shares last traded at GBX 98 ($1.33), with a volume of 75,291 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "hold" rating and set a GBX 98 price objective on shares of TT Electronics in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of GBX 91.50.

View Our Latest Research Report on TTG

TT Electronics Trading Up 1.5%

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 business's 50-day moving average price is GBX 99.83 and its two-hundred day moving average price is GBX 92.43. The company has a market capitalization of £195.28 million, a price-to-earnings ratio of -364.24, a P/E/G ratio of 0.60 and a beta of 0.95.

TT Electronics Company Profile

(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.

Further Reading

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