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

TT Electronics plc (LON:TTG)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 117.05 and traded as high as GBX 118. TT Electronics shares last traded at GBX 117.20, with a volume of 43,655 shares traded.

Analyst Ratings Changes

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

TT Electronics Trading Down 0.9%

The firm has a market cap of £206.97 million, a price-to-earnings ratio of -4.07, a price-to-earnings-growth ratio of 0.60 and a beta of 0.83. The business has a 50 day moving average of GBX 117.03 and a 200 day moving average of GBX 117.08. The company has a quick ratio of 0.93, a current ratio of 1.71 and a debt-to-equity ratio of 70.10.

Insider Activity at TT Electronics

In other news, insider Phil Swash purchased 100,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average cost of GBX 119 per share, for a total transaction of £119,000. 8.80% of the stock is currently owned by company 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.