TT Electronics (LON:TTG) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of TT Electronics plc (LON:TTG) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 120.76 and traded as high as GBX 138. TT Electronics shares last traded at GBX 136, with a volume of 28,339 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 110 price target on shares of TT Electronics in a research report on Friday, May 15th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, TT Electronics has an average rating of “Moderate Buy” and a consensus target price of GBX 127.50.

TT Electronics Stock Up 0.7%

The firm has a 50-day moving average price of GBX 125.02 and a two-hundred day moving average price of GBX 120.76. The company has a debt-to-equity ratio of 70.10, a quick ratio of 0.93 and a current ratio of 1.71. The firm has a market cap of £242.66 million, a price-to-earnings ratio of -4.77, a price-to-earnings-growth ratio of 0.60 and a beta of 0.83.

Insider Activity at TT Electronics

In other news, insider Phil Swash bought 100,000 shares of TT Electronics stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average cost of GBX 119 per share, with a total value of £119,000. Company insiders own 8.80% of the company’s stock.

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.