TT Electronics plc (LON:TTG – Get Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 184.89 ($2.23) and traded as low as GBX 148.60 ($1.80). TT Electronics shares last traded at GBX 148.60 ($1.80), with a volume of 141,935 shares.
Wall Street Analyst Weigh In
A number of analysts have weighed in on TTG shares. Barclays reissued an “overweight” rating and issued a GBX 270 ($3.26) price target on shares of TT Electronics in a report on Friday, August 5th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 325 ($3.93) target price on shares of TT Electronics in a research report on Tuesday, September 6th.
TT Electronics Stock Down 3.0 %
The company has a debt-to-equity ratio of 60.72, a quick ratio of 0.93 and a current ratio of 1.95. The stock has a market cap of £262.17 million and a price-to-earnings ratio of 2,476.67. The firm’s 50-day simple moving average is GBX 169.50 and its two-hundred day simple moving average is GBX 184.89.
TT Electronics Cuts Dividend
About TT Electronics
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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