TT Electronics (LON:TTG) Shares Pass Below 200 Day Moving Average – Time to Sell?

TT Electronics plc (LON:TTG) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 111.38 and traded as low as GBX 111. TT Electronics shares last traded at GBX 114.40, with a volume of 26,709 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their target price on shares of 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.com, TT Electronics has an average rating of “Hold” and an average price target of GBX 96.

TT Electronics Stock Performance

The company has a 50 day simple moving average of GBX 128.66 and a 200-day simple moving average of GBX 111.49. The company has a debt-to-equity ratio of 71.97, a current ratio of 2.26 and a quick ratio of 0.93. The stock has a market cap of £209.66 million, a P/E ratio of -3.14, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95.

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.