TT Electronics (LON:TTG) Stock Breaks Above 50 Day Moving Average – Here’s What Happened

Shares of TT Electronics plc (LON:TTG) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 176.55 and traded as high as GBX 183.20. TT Electronics shares last traded at GBX 179.80, with a volume of 503,024 shares.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Berenberg Bank boosted their price objective on shares of TT Electronics from GBX 150 to GBX 200 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 175 target price on shares of TT Electronics in a research report on Thursday, October 1st. Finally, Royal Bank Of Canada raised their target price on shares of TT Electronics from GBX 115 to GBX 160 and gave the stock a “sector perform” rating in a research report on Thursday, September 3rd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 170.

TT Electronics Price Performance

The company has a debt-to-equity ratio of 65.61, a current ratio of 1.67 and a quick ratio of 0.93. The firm has a fifty day moving average of GBX 176.55 and a two-hundred day moving average of GBX 134.33. The stock has a market capitalization of £320.15 million, a P/E ratio of -8.15, a P/E/G ratio of 0.60 and a beta of 0.84.

TT Electronics (LON:TTG) last released its quarterly earnings data on Wednesday, September 2nd. The company reported GBX 5.70 earnings per share for the quarter. TT Electronics had a negative net margin of 7.80% and a negative return on equity of 24.38%. On average, analysts predict that TT Electronics plc will post 16.75 EPS 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. 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.