TT Electronics (LON:TTG) Stock Price Down 17.7% – Time to Sell?

TT Electronics plc (LON:TTG) shares traded down 17.7% during mid-day trading on Monday . The company traded as low as GBX 101.60 and last traded at GBX 109.80. 852,682 shares were traded during mid-day trading, a decline of 5% from the average session volume of 895,069 shares. The stock had previously closed at GBX 133.40.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their price target on shares of TT Electronics from GBX 98 to GBX 105 and gave the company a “hold” rating in a research note on Wednesday, September 24th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 96.

TT Electronics Trading Down 16.6%

The company has a quick ratio of 0.93, a current ratio of 2.26 and a debt-to-equity ratio of 71.97. The firm has a 50 day moving average price of GBX 124.35 and a 200 day moving average price of GBX 110.07. The stock has a market capitalization of £197.62 million, a PE ratio of -2.96, a P/E/G ratio of 0.60 and a beta of 0.95.

TT Electronics (LON:TTG) last announced 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%. Equities analysts expect that TT Electronics plc will post 16.7485822 EPS for the current fiscal year.

TT Electronics Company Profile

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.