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

Shares of TT Electronics plc (LON:TTG - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 90.87 ($1.22) and traded as low as GBX 73.80 ($0.99). TT Electronics shares last traded at GBX 75 ($1.01), with a volume of 3,528,213 shares.

Analyst Ratings Changes

Separately, Royal Bank of Canada downgraded TT Electronics to a "sector perform" rating and dropped their target price for the stock from GBX 140 ($1.88) to GBX 85 ($1.14) in a research report on Tuesday, April 15th.

TT Electronics Stock Down 0.3 %

The business has a fifty day moving average of GBX 80.73 and a 200 day moving average of GBX 90.35. The firm has a market cap of £133.76 million, a P/E ratio of -10.49, a P/E/G ratio of 0.60 and a beta of 0.95. The company has a quick ratio of 0.93, a current ratio of 2.26 and a debt-to-equity ratio of 71.97.

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

Insider Activity at TT Electronics

In other TT Electronics news, insider Warren Tucker purchased 32,902 shares of the stock in a transaction on Thursday, April 10th. The stock was bought at an average cost of GBX 76 ($1.02) per share, for a total transaction of £25,005.52 ($33,596.02). 9.06% of the stock is currently owned by corporate 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.