TT Electronics (LON:TTG) Stock Price Down 20.2% – Time to Sell?

Shares of TT Electronics plc (LON:TTG) were down 20.2% on Monday . The stock traded as low as GBX 101.60 and last traded at GBX 106.40. Approximately 6,424,903 shares were traded during mid-day trading, an increase of 600% from the average daily volume of 918,000 shares. The stock had previously closed at GBX 133.40.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their target price on shares of TT Electronics from GBX 98 to GBX 105 and gave the company a “hold” rating in a research report on Wednesday, September 24th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 96.

TT Electronics Trading Down 20.2%

The company has a current ratio of 2.26, a quick ratio of 0.93 and a debt-to-equity ratio of 71.97. The firm has a 50-day moving average price of GBX 124.35 and a 200-day moving average price of GBX 110.07. The company has a market capitalization of £189.05 million, a price-to-earnings ratio of -2.83, a PEG ratio of 0.60 and a beta of 0.95.

TT Electronics (LON:TTG) last announced its earnings results on Wednesday, September 24th. The company reported GBX 1.90 earnings per share for the quarter. TT Electronics had a negative return on equity of 4.73% and a negative net margin of 2.19%. As a group, sell-side analysts predict that TT Electronics plc will post 16.7485822 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.