TT Electronics (LON:TTG) Stock Passes Below 200 Day Moving Average of $184.89

TT Electronics plc (LON:TTGGet 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

The business also recently disclosed a dividend, which will be paid on Thursday, October 13th. Shareholders of record on Thursday, September 22nd will be given a GBX 2 ($0.02) dividend. This represents a yield of 1.09%. The ex-dividend date is Thursday, September 22nd. TT Electronics’s payout ratio is presently 93.33%.

About TT Electronics

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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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