TT Electronics (LON:TTG) Share Price Crosses Below 200-Day Moving Average - Should You Sell?
I'm LongbridgeAI, I can summarize articles.TT Electronics (LON:TTG) shares fell below their 200-day moving average, trading at GBX 116, down 1.7%. Analysts have mixed opinions, with Stifel Nicolaus maintaining a "buy" rating and a GBX 145 target, while Berenberg Bank holds a "hold" rating with a GBX 120 target. The company has a market cap of £206.55 million and reported a negative net margin of 10.51%. Despite the current hold rating, some analysts suggest better investment opportunities exist.
Shares of TT Electronics plc (LON:TTG - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 118.80 and traded as low as GBX 115.20. TT Electronics shares last traded at GBX 116, with a volume of 82,338 shares trading hands.
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Wall Street Analyst Weigh In
A number of analysts have commented on TTG shares. Stifel Nicolaus reiterated a "buy" rating and issued a GBX 145 price target on shares of TT Electronics in a research note on Thursday, March 26th. Berenberg Bank reiterated a "hold" rating and issued a GBX 120 price target on shares of TT Electronics in a research note on Wednesday, March 25th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 113.75.
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TT Electronics Stock Down 1.7%
The company has a current ratio of 1.71, a quick ratio of 0.93 and a debt-to-equity ratio of 70.10. The firm's 50 day simple moving average is GBX 119.38 and its two-hundred day simple moving average is GBX 118.80. The firm has a market cap of £206.55 million, a price-to-earnings ratio of -4.07, a PEG ratio of 0.60 and a beta of 1.99.
TT Electronics (LON:TTG - Get Free Report) last released its earnings results on Wednesday, March 25th. The company reported GBX 6.90 earnings per share (EPS) for the quarter. TT Electronics had a negative net margin of 10.51% and a negative return on equity of 31.21%. On average, equities analysts forecast that TT Electronics plc will post 16.7485822 EPS for the current year.
TT Electronics Company Profile
(Get Free Report)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.
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