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

Key Points

• TT Electronics plc's stock has recently crossed above its 200-day moving average, trading at GBX 100 ($1.34), which could indicate a potential upward trend.
• Berenberg Bank maintained a "hold" rating on the stock with a target price of GBX 98, reflecting a consensus rating of "Hold" among analysts.
• The company operates in high-growth markets such as healthcare and aerospace, positioning itself as a key player in engineered electronics for performance-critical applications.

TT Electronics plc (LON:TTG - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 91.05 ($1.23) and traded as high as GBX 100 ($1.35). TT Electronics shares last traded at GBX 100 ($1.35), with a volume of 494,747 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "hold" rating and issued a GBX 98 price objective on shares of TT Electronics in a report on Friday, August 1st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 91.50.

TT Electronics Price Performance

The firm has a market capitalization of £179.66 million, a price-to-earnings ratio of -335.10, a P/E/G ratio of 0.60 and a beta of 0.95. The company's 50 day moving average is GBX 100.66 and its 200-day moving average is GBX 91.48. The company has a current ratio of 2.26, a quick ratio of 0.93 and a debt-to-equity ratio of 71.97.

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.