TT Electronics (LON:TTG) Trading Down 20.2% – What’s Next?

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

Analyst Upgrades and Downgrades

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

TT Electronics Price Performance

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 business has a fifty day simple moving average of GBX 124.42 and a 200 day simple moving average of GBX 110.16. The stock has a market capitalization of £189.05 million, a P/E ratio of -2.83, a price-to-earnings-growth 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 (EPS) for the quarter. TT Electronics had a negative return on equity of 4.73% and a negative net margin of 2.19%. On average, analysts expect that TT Electronics plc will post 16.7485822 earnings per share for the current year.

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.