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

TT Electronics plc (LON:TTG) fell 20.2% on Monday . The company traded as low as GBX 101.60 and last traded at GBX 106.40. 6,424,903 shares traded hands during mid-day trading, an increase of 600% from the average session 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 TT Electronics from GBX 98 to GBX 105 and gave the stock a “hold” rating in a report on Wednesday, September 24th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 96.

TT Electronics Stock Performance

The stock’s 50-day moving average price is GBX 124.42 and its 200 day moving average price is GBX 110.16. The firm has a market cap 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. The company has a debt-to-equity ratio of 71.97, a current ratio of 2.26 and a quick ratio of 0.93.

TT Electronics (LON:TTG) last issued its quarterly earnings results on Wednesday, September 24th. The company reported GBX 1.90 earnings per share (EPS) for the quarter. TT Electronics had a negative net margin of 2.19% and a negative return on equity of 4.73%. As a group, equities 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.