TT Electronics plc (LON:TTG) Insider Michael Ord Acquires 25,000 Shares of Stock

TT Electronics plc (LON:TTG – Get Rating) insider Michael Ord acquired 25,000 shares of the firm’s stock in a transaction on Tuesday, March 14th. The shares were acquired at an average price of GBX 184 ($2.24) per share, with a total value of £46,000 ($56,063.38).

TT Electronics Trading Down 4.1 %

LON TTG opened at GBX 179 ($2.18) on Thursday. The firm has a market capitalization of £315.99 million, a PE ratio of -2,557.14, a P/E/G ratio of 0.60 and a beta of 1.07. The stock’s 50 day moving average price is GBX 184.34 and its two-hundred day moving average price is GBX 164.80. The company has a current ratio of 1.91, a quick ratio of 0.93 and a debt-to-equity ratio of 68.49.

TT Electronics Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 26th. Stockholders of record on Thursday, April 27th will be given a GBX 4.30 ($0.05) dividend. The ex-dividend date is Thursday, April 27th. This represents a dividend yield of 2.17%. This is an increase from TT Electronics’s previous dividend of $2.00. TT Electronics’s payout ratio is presently -8,571.43%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Peel Hunt reiterated an “add” rating and set a GBX 225 ($2.74) price objective on shares of TT Electronics in a research note on Wednesday, March 8th. Royal Bank of Canada decreased their price objective on shares of TT Electronics from GBX 275 ($3.35) to GBX 250 ($3.05) and set an “outperform” rating for the company in a research note on Monday, November 21st. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 260 ($3.17) target price on shares of TT Electronics in a research report on Friday, March 10th.

TT Electronics Company Profile

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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.