BidaskClub upgraded shares of TTM Technologies (NASDAQ:TTMI) from a strong sell rating to a sell rating in a research report released on Saturday, BidAskClub reports.

A number of other research firms also recently commented on TTMI. ValuEngine raised shares of TTM Technologies from a sell rating to a hold rating in a report on Wednesday, April 24th. Needham & Company LLC assumed coverage on shares of TTM Technologies in a report on Tuesday, May 7th. They set a hold rating for the company. Zacks Investment Research downgraded shares of TTM Technologies from a hold rating to a sell rating in a report on Wednesday, May 8th. Finally, TheStreet downgraded shares of TTM Technologies from a b- rating to a c+ rating in a report on Friday, May 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $23.00.

NASDAQ:TTMI opened at $10.15 on Friday. The stock’s 50-day simple moving average is $9.66. The company has a market cap of $1.07 billion, a P/E ratio of 7.36 and a beta of 2.54. TTM Technologies has a 52 week low of $8.49 and a 52 week high of $19.91. The company has a quick ratio of 1.74, a current ratio of 1.92 and a debt-to-equity ratio of 1.21.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $620.20 million during the quarter, compared to the consensus estimate of $628.46 million. TTM Technologies had a net margin of 5.71% and a return on equity of 13.44%. As a group, equities research analysts predict that TTM Technologies will post 0.36 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB grew its stake in TTM Technologies by 2.6% in the first quarter. Nordea Investment Management AB now owns 403,635 shares of the technology company’s stock worth $4,734,000 after purchasing an additional 10,357 shares during the period. Kennedy Capital Management Inc. grew its stake in TTM Technologies by 17.9% during the 1st quarter. Kennedy Capital Management Inc. now owns 1,321,146 shares of the technology company’s stock worth $15,497,000 after buying an additional 200,816 shares during the last quarter. Yorktown Management & Research Co Inc grew its stake in TTM Technologies by 7.4% during the 1st quarter. Yorktown Management & Research Co Inc now owns 36,890 shares of the technology company’s stock worth $433,000 after buying an additional 2,538 shares during the last quarter. State of Wisconsin Investment Board grew its stake in TTM Technologies by 26.0% during the 1st quarter. State of Wisconsin Investment Board now owns 728,000 shares of the technology company’s stock worth $8,539,000 after buying an additional 150,000 shares during the last quarter. Finally, Resources Investment Advisors Inc. purchased a new position in TTM Technologies during the 1st quarter worth $34,000.

About TTM Technologies

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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