TT Electronics (LON:TTG) Shares Pass Below 200 Day Moving Average of $216.26

TT Electronics plc (LON:TTGGet Rating)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 216.26 ($2.62) and traded as low as GBX 192.20 ($2.33). TT Electronics shares last traded at GBX 195.40 ($2.37), with a volume of 747,090 shares changing hands.

Several equities research analysts recently weighed in on TTG shares. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 325 ($3.94) price objective on shares of TT Electronics in a research note on Thursday, May 26th. Barclays restated an “overweight” rating and issued a GBX 270 ($3.28) target price on shares of TT Electronics in a research note on Friday, May 13th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 280 ($3.40) target price on shares of TT Electronics in a research note on Wednesday, March 23rd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, TT Electronics has a consensus rating of “Buy” and an average price target of GBX 287 ($3.48).

The stock has a 50 day simple moving average of GBX 190.66 and a 200 day simple moving average of GBX 216.26. The company has a market capitalization of £344.61 million and a price-to-earnings ratio of 27.14. The company has a quick ratio of 1.01, a current ratio of 2.02 and a debt-to-equity ratio of 51.76.

In other TT Electronics news, insider Richard Tyson sold 39,503 shares of TT Electronics stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of GBX 201 ($2.44), for a total transaction of £79,401.03 ($96,372.17). Also, insider Warren Tucker sold 37,500 shares of TT Electronics stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of GBX 203 ($2.46), for a total transaction of £76,125 ($92,395.92).

TT Electronics Company Profile (LON:TTG)

TT Electronics plc provides engineered electronics for performance critical applications in the automation and electrification, healthcare, and aerospace and defense markets worldwide. The company operates through three divisions: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components.

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