TT Electronics (LON:TTG) Share Price Crosses Below Two Hundred Day Moving Average of $155.51

TT Electronics plc (LON:TTG) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 155.51 ($1.97) and traded as low as GBX 144.68 ($1.84). TT Electronics shares last traded at GBX 148.50 ($1.88), with a volume of 278,435 shares traded.

Analysts Set New Price Targets

Several research analysts have recently commented on TTG shares. Jefferies Financial Group reissued a “hold” rating and issued a GBX 165 ($2.09) target price on shares of TT Electronics in a report on Friday, April 12th. Berenberg Bank reissued a “buy” rating and issued a GBX 260 ($3.30) target price on shares of TT Electronics in a report on Monday, March 11th. Finally, Numis Securities reissued a “buy” rating and issued a GBX 260 ($3.30) target price on shares of TT Electronics in a report on Friday, March 8th.

TT Electronics Stock Down 2.0 %

The company has a debt-to-equity ratio of 74.42, a quick ratio of 0.93 and a current ratio of 2.06. The firm’s 50-day moving average is GBX 160.34 and its two-hundred day moving average is GBX 155.51. The stock has a market cap of £263.04 million, a P/E ratio of -3,712.50, a PEG ratio of 0.60 and a beta of 0.89.

TT Electronics Company Profile

TT Electronics plc provides design-led advanced electronics technologies for performance critical applications in the healthcare, aerospace and defense, and automation and electrification markets in the United Kingdom, Rest of Europe, North America, Asia, and internationally. The company operates through three segments: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components.