Techtronic Industries (OTCMKTS:TTNDY) Shares Gap Down – What’s Next?

Techtronic Industries Co. (OTCMKTS:TTNDY) gapped down before the market opened on Tuesday . The stock had previously closed at $57.8550, but opened at $54.80. Techtronic Industries shares last traded at $55.4125, with a volume of 3,098 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Techtronic Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Techtronic Industries Price Performance

The firm has a 50 day moving average of $60.83 and a 200-day moving average of $59.72.

Techtronic Industries Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 29th. Investors of record on Thursday, September 4th were given a dividend of $0.7762 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This is a boost from Techtronic Industries’s previous dividend of $0.74. This represents a yield of 231.0%.

About Techtronic Industries

Techtronic Industries Company Limited engages in the design, manufacture, and marketing of power tools, outdoor power equipment, and floorcare and cleaning products in the North America, Europe, and internationally. The company operates through Power Equipment, and Floorcare & Cleaning Segments. It offers power tools, power tool accessories, outdoor products, and outdoor product accessories under the MILWAUKEE, EMPIRE, AEG, RYOBI, HOMELITE, and HART brands, as well as to original equipment manufacturer (OEM) customers.