Techtronic Industries (OTCMKTS:TTNDY) Sees Strong Trading Volume – Still a Buy?

Techtronic Industries Co. (OTCMKTS:TTNDY) shares saw an uptick in trading volume on Thursday . 84,399 shares were traded during trading, an increase of 26% from the previous session’s volume of 67,213 shares.The stock last traded at $72.50 and had previously closed at $74.75.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Techtronic Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Techtronic Industries Stock Performance

The company has a 50 day simple moving average of $71.99 and a 200-day simple moving average of $67.79. The company has a current ratio of 1.67, a quick ratio of 0.79 and a debt-to-equity ratio of 0.09.

About Techtronic Industries

Techtronic Industries Company Limited (TTI) is a Hong Kong?based global manufacturer and marketer of tools and equipment for professional, industrial and consumer markets. The company develops and sells power tools, outdoor power equipment, hand tools, accessories and floorcare products. TTI’s product strategy emphasizes cordless and battery?powered platforms, integrating advanced battery chemistry and brushless motor technology to serve trade professionals and DIY consumers seeking portable, high?performance solutions.

TTI markets its products through a portfolio of well?known brands and a broad distribution network that includes wholesalers, home improvement retailers, specialist dealerships and online channels.