TT Electronics (LON:TTG) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

TT Electronics plc (LON:TTG)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 117.20 and traded as high as GBX 119.62. TT Electronics shares last traded at GBX 118, with a volume of 86,832 shares.

Analyst Ratings Changes

TTG has been the topic of a number of analyst reports. Jefferies Financial Group reissued a “hold” rating and set a GBX 110 price objective on shares of TT Electronics in a report on Friday, May 15th. Berenberg Bank raised TT Electronics to a “buy” rating and upped their target price for the stock from GBX 120 to GBX 150 in a research report on Monday, April 13th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a GBX 145 price target on shares of TT Electronics in a report on Thursday, March 26th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TT Electronics presently has a consensus rating of “Moderate Buy” and an average target price of GBX 127.50.

TT Electronics Price Performance

The company has a market capitalization of £210.54 million, a P/E ratio of -4.14, a PEG ratio of 0.60 and a beta of 0.83. The stock’s fifty day simple moving average is GBX 116.96 and its 200-day simple moving average is GBX 117.20. The company has a debt-to-equity ratio of 70.10, a current ratio of 1.71 and a quick ratio of 0.93.

Insiders Place Their Bets

In other TT Electronics news, insider Phil Swash bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average price of GBX 119 per share, for a total transaction of £119,000. 8.80% of the stock is currently owned by insiders.

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. 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.