TT Electronics (LON:TTG) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

TT Electronics plc (LON:TTG) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 116.73 and traded as low as GBX 115. TT Electronics shares last traded at GBX 118.80, with a volume of 2,617,881 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TTG shares. Berenberg Bank raised TT Electronics to a “buy” rating and lifted their target price for the stock from GBX 120 to GBX 150 in a report on Monday, April 13th. Stifel Nicolaus restated a “buy” rating and issued a GBX 145 price target on shares of TT Electronics in a research note on Thursday, March 26th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 110 price target on shares of TT Electronics in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 127.50.

TT Electronics Stock Down 1.5%

The firm has a market cap of £208.70 million, a price-to-earnings ratio of -4.11, a P/E/G ratio of 0.60 and a beta of 0.83. The company has a debt-to-equity ratio of 70.10, a current ratio of 1.71 and a quick ratio of 0.93. The stock has a 50-day moving average of GBX 117.08 and a 200-day moving average of GBX 116.73.

Insider Buying and Selling

In other news, insider Phil Swash acquired 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was acquired at an average price of GBX 119 per share, with a total value of £119,000. 8.76% of the stock is currently owned by company insiders.

About TT Electronics

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.