TT Electronics (LON:TTG) Stock Price Passes Above 200 Day Moving Average – What’s Next?

TT Electronics plc (LON:TTG)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 120.37 and traded as high as GBX 123.40. TT Electronics shares last traded at GBX 118, with a volume of 69,132 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have commented on TTG. Berenberg Bank upgraded TT Electronics to a “buy” rating and increased their target price for the company from GBX 120 to GBX 150 in a research report on Monday, April 13th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 145 target price on shares of TT Electronics in a research report on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 133.33.

TT Electronics Stock Performance

The company has a market cap of £210.11 million, a price-to-earnings ratio of -4.14, a PEG ratio of 0.60 and a beta of 0.87. The firm has a 50 day moving average price of GBX 116.82 and a two-hundred day moving average price of GBX 120.37. The company has a quick ratio of 0.93, a current ratio of 1.71 and a debt-to-equity ratio of 70.10.

TT Electronics (LON:TTG) last issued its quarterly earnings results on Wednesday, March 25th. The company reported GBX 6.90 earnings per share for the quarter. TT Electronics had a negative return on equity of 31.21% and a negative net margin of 10.51%. As a group, equities analysts forecast 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. 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.