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

Key Points

• Technical move: Shares of TT Electronics briefly crossed above their 200‑day moving average (200‑day MA GBX 120.37), trading as high as GBX 123.40 during the session before last trading at GBX 118 on volume of 69,132.
• Analyst outlook: Two analysts rate TTG as a Buy and one as a Hold, yielding a consensus "Moderate Buy" and an average price target of GBX 133.33, with recent targets of GBX 145 (Stifel) and GBX 150 (Berenberg).
• Financial health: The company has a market cap of £210.11m but remains unprofitable (P/E -4.14, ROE -31.21%, net margin -10.51%) and carries leverage (debt‑to‑equity 70.10) with a current ratio of 1.71.

Shares of TT Electronics plc (LON:TTG - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 120.37 and traded as high as GBX 123.40. TT Electronics shares last traded at GBX 118, with a volume of 69,132 shares traded.

Wall Street Analyst Weigh In

TTG has been the subject of several recent analyst reports. Stifel Nicolaus restated a "buy" rating and set a GBX 145 price objective on shares of TT Electronics in a research report on Thursday, March 26th. Berenberg Bank upgraded TT Electronics to a "buy" rating and upped their price objective for the stock from GBX 120 to GBX 150 in a research report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 133.33.

TT Electronics Stock Performance

The company has a current ratio of 1.71, a quick ratio of 0.93 and a debt-to-equity ratio of 70.10. The firm has a market capitalization of £210.11 million, a P/E ratio of -4.14, a P/E/G ratio of 0.60 and a beta of 0.87. The firm has a 50-day moving average of GBX 116.82 and a two-hundred day moving average of GBX 120.37.

TT Electronics (LON:TTG - Get Free Report) last posted its earnings results on Wednesday, March 25th. The company reported GBX 6.90 EPS for the quarter. TT Electronics had a negative return on equity of 31.21% and a negative net margin of 10.51%. On average, analysts anticipate that TT Electronics plc will post 16.7485822 EPS for the current year.

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. TT invests in R&D to create designed-in products where reliability is mission critical. Products designed and manufactured include sensors, power management and connectivity solutions.

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