TT Electronics (LON:TTG) Stock Crosses Below 200-Day Moving Average – Here’s Why

TT Electronics plc (LON:TTG)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 111.89 and traded as low as GBX 109.20. TT Electronics shares last traded at GBX 112, with a volume of 65,032 shares trading hands.

Wall Street Analyst Weigh In

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 report on Wednesday, September 24th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 96.

TT Electronics Stock Up 1.3%

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 cap of £199.43 million, a PE ratio of -2.98, a PEG ratio of 0.60 and a beta of 0.95. The stock’s 50 day moving average price is GBX 128.29 and its 200-day moving average price is GBX 111.89.

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. TT invests in R&D to create designed-in products where reliability is mission critical. Products designed and manufactured include sensors, power management and connectivity solutions.