TTM Technologies (NASDAQ:TTMI) Reaches New 1-Year High at $13.99

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TTM Technologies, Inc. (NASDAQ:TTMI)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $13.99 and last traded at $13.97, with a volume of 11419 shares changing hands. The stock had previously closed at $13.59.

TTMI has been the subject of several recent research reports. Zacks Investment Research lowered TTM Technologies from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. B. Riley initiated coverage on TTM Technologies in a report on Thursday, September 5th. They set a “buy” rating and a $17.75 price target for the company. BidaskClub raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 6th. Finally, ValuEngine lowered TTM Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $14.69.

The stock has a market cap of $1.44 billion, a P/E ratio of 10.03 and a beta of 2.56. The company has a quick ratio of 1.73, a current ratio of 1.92 and a debt-to-equity ratio of 1.19. The business has a 50 day moving average price of $12.98 and a two-hundred day moving average price of $11.18.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The business had revenue of $716.80 million during the quarter, compared to the consensus estimate of $709.49 million. TTM Technologies had a return on equity of 5.56% and a net margin of 2.56%. The business’s revenue was down 5.2% on a year-over-year basis. During the same period last year, the company earned $0.50 EPS. On average, research analysts forecast that TTM Technologies, Inc. will post 0.24 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTMI. Tower Research Capital LLC TRC boosted its stake in TTM Technologies by 155.1% during the third quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the technology company’s stock valued at $40,000 after buying an additional 1,999 shares during the last quarter. Acadian Asset Management LLC bought a new position in TTM Technologies during the second quarter valued at approximately $45,000. First Mercantile Trust Co. boosted its stake in TTM Technologies by 304.1% during the second quarter. First Mercantile Trust Co. now owns 8,809 shares of the technology company’s stock valued at $90,000 after buying an additional 6,629 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in TTM Technologies by 14.9% during the third quarter. Public Employees Retirement System of Ohio now owns 9,446 shares of the technology company’s stock valued at $115,000 after buying an additional 1,224 shares during the last quarter. Finally, Miles Capital Inc. bought a new position in TTM Technologies during the second quarter valued at approximately $105,000.

About TTM Technologies (NASDAQ:TTMI)

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.

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