TT Electronics (LON:TTG) Trading Down 20.2% – Here’s Why

Shares of TT Electronics plc (LON:TTG) dropped 20.2% during trading on Monday . The company traded as low as GBX 101.60 and last traded at GBX 106.40. Approximately 6,424,903 shares traded hands during trading, an increase of 600% from the average daily volume of 918,000 shares. The stock had previously closed at GBX 133.40.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price target on shares of TT Electronics from GBX 98 to GBX 105 and gave the company a “hold” rating in a research report on Wednesday, September 24th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 96.

TT Electronics Stock Performance

The company’s fifty day simple moving average is GBX 124.42 and its two-hundred day simple moving average is GBX 110.16. The company has a market capitalization of £189.05 million, a price-to-earnings ratio of -2.83, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95. The company has a debt-to-equity ratio of 71.97, a quick ratio of 0.93 and a current ratio of 2.26.

TT Electronics (LON:TTG) last announced its quarterly earnings data on Wednesday, September 24th. The company reported GBX 1.90 earnings per share (EPS) for the quarter. TT Electronics had a negative return on equity of 4.73% and a negative net margin of 2.19%. Equities research analysts predict that TT Electronics plc will post 16.7485822 earnings per share for the current fiscal 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.