TT Electronics (LON:TTG) Stock Price Crosses Above 200-Day Moving Average of $155.46

Shares of TT Electronics plc (LON:TTG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 155.46 ($1.94) and traded as high as GBX 170.78 ($2.13). TT Electronics shares last traded at GBX 166.50 ($2.07), with a volume of 285,447 shares trading hands.

Analysts Set New Price Targets

TTG has been the subject of a number of analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 260 ($3.24) price target on shares of TT Electronics in a research note on Monday, March 11th. Numis Securities reaffirmed a “buy” rating and issued a GBX 260 ($3.24) price target on shares of TT Electronics in a research note on Friday, March 8th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 165 ($2.05) price target on shares of TT Electronics in a research note on Friday, April 12th.

TT Electronics Stock Performance

The company has a quick ratio of 0.93, a current ratio of 2.06 and a debt-to-equity ratio of 74.42. The stock has a market cap of £295.47 million, a price-to-earnings ratio of -5,550.00, a P/E/G ratio of 0.60 and a beta of 0.91. The company has a 50 day simple moving average of GBX 152.88 and a 200 day simple moving average of GBX 155.46.

TT Electronics Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be paid a dividend of GBX 4.65 ($0.06) per share. This is an increase from TT Electronics’s previous dividend of $2.15. The ex-dividend date of this dividend is Thursday, April 11th. This represents a yield of 3.33%. TT Electronics’s payout ratio is presently -23,333.33%.

Insiders Place Their Bets

In other TT Electronics news, insider Mark Hoad sold 21,639 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of GBX 153 ($1.90), for a total transaction of £33,107.67 ($41,214.58). Insiders own 7.42% of the company’s stock.

TT Electronics Company Profile

TT Electronics plc provides design-led advanced electronics technologies for performance critical applications in the healthcare, aerospace and defense, and automation and electrification markets in the United Kingdom, Rest of Europe, North America, Asia, and internationally. The company operates through three segments: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components.