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

Key Points

• TT Electronics plc shares fell below their two hundred day moving average, trading as low as GBX 89 ($1.20) after a recent decline.
• Analysts have revised their price targets for TT Electronics, with the Royal Bank of Canada lowering theirs to GBX 85 ($1.14) and Berenberg Bank maintaining a hold rating at GBX 98 ($1.32).
• The company's market cap stands at £165.55 million, with a negative PE ratio of -12.98, indicating ongoing financial challenges.

Shares of TT Electronics plc (LON:TTG - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 89.72 ($1.21) and traded as low as GBX 89 ($1.20). TT Electronics shares last traded at GBX 90.80 ($1.23), with a volume of 133,183 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 98 ($1.33) price objective on shares of TT Electronics in a research note on Friday, August 1st.

TT Electronics Stock Down 0.8%

The business's 50-day moving average price is GBX 102 and its 200-day moving average price is GBX 89.83. The company has a quick ratio of 0.93, a current ratio of 2.26 and a debt-to-equity ratio of 71.97. The firm has a market capitalization of £171.44 million, a PE ratio of -13.44, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95.

About TT Electronics

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.