TT Electronics (LON:TTG) Trading Up 59.9% – Here’s Why

TT Electronics plc (LON:TTG)’s stock price was up 59.9% during mid-day trading on Friday . The company traded as high as GBX 153 and last traded at GBX 151.60. Approximately 21,691,451 shares were traded during trading, an increase of 2,995% from the average daily volume of 700,913 shares. The stock had previously closed at GBX 94.80.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TTG shares. Canaccord Genuity Group raised their price target on TT Electronics from GBX 98 to GBX 105 and gave the stock a “hold” rating in a research note on Wednesday, September 24th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 98 price objective on shares of TT Electronics in a research report on Friday, August 1st. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 96.

TT Electronics Stock Up 0.8%

The business has a 50-day simple moving average of GBX 104.58 and a two-hundred day simple moving average of GBX 97.94. The company has a debt-to-equity ratio of 71.97, a quick ratio of 0.93 and a current ratio of 2.26. The company has a market capitalization of £271.62 million, a price-to-earnings ratio of -4.07, a PEG ratio of 0.60 and a beta of 0.95.

TT Electronics (LON:TTG) last issued its earnings results on Wednesday, September 24th. The company reported GBX 1.90 earnings per share (EPS) for the quarter. TT Electronics had a negative return on equity of 4.73% and a negative net margin of 2.19%. As a group, equities analysts predict that TT Electronics plc will post 16.7485822 EPS for the current year.

About TT Electronics

TT Electronics is a global provider of engineered electronics for performance critical applications.
TT engineers and manufactures electronic solutions enabling a safer, healthier and more sustainable world. TT benefits from enduring megatrends in structurally high-growth markets including healthcare, aerospace, defence, automation and electrification.