TT Electronics (LON:TTG) Share Price Passes Below 200-Day Moving Average – Should You Sell?

TT Electronics plc (LON:TTG)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 118.41 and traded as low as GBX 116.25. TT Electronics shares last traded at GBX 120, with a volume of 111,896 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TTG shares. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 145 price target on shares of TT Electronics in a research report on Thursday, March 26th. Berenberg Bank reissued a “hold” rating and set a GBX 120 price objective on shares of TT Electronics in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 113.75.

TT Electronics Stock Performance

The stock has a 50 day moving average of GBX 118.41 and a 200 day moving average of GBX 118.41. The company has a debt-to-equity ratio of 70.10, a current ratio of 1.71 and a quick ratio of 0.93. The firm has a market cap of £213.67 million, a P/E ratio of -3.19, a PEG ratio of 0.60 and a beta of 1.99.

TT Electronics (LON:TTG) last issued its quarterly earnings results on Wednesday, March 25th. The company reported GBX 6.90 earnings per share (EPS) for the quarter. TT Electronics had a negative return on equity of 31.21% and a negative net margin of 10.51%. As a group, equities research analysts predict that TT Electronics plc will post 16.7485822 EPS for the current year.

Insiders Place Their Bets

In other TT Electronics news, insider Warren Tucker sold 44,532 shares of TT Electronics stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of GBX 111, for a total transaction of £49,430.52. 8.76% of the stock is owned by insiders.

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.