TT Electronics (LON:TTG) Shares Down 20.2% – Should You Sell?

Shares of TT Electronics plc (LON:TTG) traded down 20.2% on Monday . The company traded as low as GBX 101.60 and last traded at GBX 106.40. 6,424,903 shares traded hands during trading, an increase of 600% from the average session volume of 918,000 shares. The stock had previously closed at GBX 133.40.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their price target on TT Electronics from GBX 98 to GBX 105 and gave the company a “hold” rating in a report on Wednesday, September 24th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 96.

TT Electronics Stock Down 20.2%

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 company’s 50 day moving average price is GBX 124.42 and its two-hundred day moving average price is GBX 110.16. The stock has a market cap of £189.05 million, a P/E ratio of -2.83, a P/E/G ratio of 0.60 and a beta of 0.95.

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