TT Electronics (LON:TTG) Share Price Crosses Below 200-Day Moving Average of $155.30

Shares of TT Electronics plc (LON:TTG) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 155.30 ($1.96) and traded as low as GBX 146 ($1.85). TT Electronics shares last traded at GBX 146 ($1.85), with a volume of 791,911 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TTG. Numis Securities restated a “buy” rating and issued a GBX 260 ($3.29) price target on shares of TT Electronics in a research report on Friday, March 8th. Berenberg Bank restated a “buy” rating and issued a GBX 260 ($3.29) price target on shares of TT Electronics in a research report on Monday, March 11th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 165 ($2.09) price target on shares of TT Electronics in a research report on Friday, April 12th.

TT Electronics Stock Up 0.3 %

The company has a market capitalization of £259.38 million, a PE ratio of -3,650.00, a price-to-earnings-growth ratio of 0.60 and a beta of 0.89. The company has a quick ratio of 0.93, a current ratio of 2.06 and a debt-to-equity ratio of 74.42. The firm has a 50-day moving average of GBX 157.55 and a two-hundred day moving average of GBX 155.30.

About TT Electronics

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.