TT Electronics (LON:TTG) Stock Price Crosses Above Two Hundred Day Moving Average of $155.50

TT Electronics plc (LON:TTGGet Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 155.50 ($1.95) and traded as high as GBX 158 ($1.98). TT Electronics shares last traded at GBX 153.50 ($1.93), with a volume of 193,420 shares changing hands.

Analyst Ratings Changes

A number of research analysts have issued reports on TTG shares. Numis Securities reaffirmed a “buy” rating and issued a GBX 260 ($3.27) price target on shares of TT Electronics in a report on Friday, March 8th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 165 ($2.07) price target on shares of TT Electronics in a research note on Friday, April 12th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 260 ($3.27) price objective on shares of TT Electronics in a research note on Monday, March 11th.

Get Our Latest Analysis on TT Electronics

TT Electronics Price Performance

The company has a debt-to-equity ratio of 74.42, a current ratio of 2.06 and a quick ratio of 0.93. The stock has a fifty day simple moving average of GBX 161.65 and a 200-day simple moving average of GBX 155.50. The company has a market capitalization of £275.18 million, a price-to-earnings ratio of -3,837.50, a P/E/G ratio of 0.60 and a beta of 0.92.

TT Electronics Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 11th were given a dividend of GBX 4.65 ($0.06) per share. This represents a yield of 3.33%. The ex-dividend date was Thursday, April 11th. This is a positive change from TT Electronics’s previous dividend of $2.15. TT Electronics’s dividend payout ratio (DPR) is currently -17,500.00%.

Insiders Place Their Bets

In other news, insider Mark Hoad sold 54,120 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of GBX 156 ($1.96), for a total transaction of £84,427.20 ($106,037.68). Insiders own 7.42% of the company’s stock.

TT Electronics Company Profile

(Get Free Report)

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.

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