TT Electronics (LON:TTG) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

TT Electronics plc (LON:TTG)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 111.38 and traded as low as GBX 111. TT Electronics shares last traded at GBX 114.40, with a volume of 26,709 shares traded.

Analyst Ratings Changes

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 analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 96.

TT Electronics Stock Up 0.5%

The company has a market cap of £203.27 million, a P/E ratio of -3.04, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95. The company has a debt-to-equity ratio of 71.97, a current ratio of 2.26 and a quick ratio of 0.93. The stock has a fifty day moving average price of GBX 128.24 and a two-hundred day moving average price of GBX 111.38.

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.