TT Electronics (LON:TTG) Trading Down 20.2% – What’s Next?

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

Analyst Upgrades and Downgrades

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

TT Electronics Stock Performance

The business has a fifty day moving average of GBX 124.42 and a 200-day moving average of GBX 110.16. The company has a market cap of £189.05 million, a PE ratio of -2.83, a P/E/G ratio of 0.60 and a beta of 0.95. The company has a current ratio of 2.26, a quick ratio of 0.93 and a debt-to-equity ratio of 71.97.

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

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.