Shares of TTM Technologies, Inc. (NASDAQ:TTMI – Get Rating) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.04 and traded as high as $15.36. TTM Technologies shares last traded at $15.36, with a volume of 501,532 shares changing hands.
Wall Street Analysts Forecast Growth
TTMI has been the subject of several research analyst reports. StockNews.com raised TTM Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 18th. Needham & Company LLC lifted their target price on TTM Technologies from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, August 4th.
TTM Technologies Stock Up 0.9 %
The company has a current ratio of 1.91, a quick ratio of 1.62 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 21.63 and a beta of 1.44. The stock’s 50-day moving average is $14.71 and its 200-day moving average is $14.04.
Hedge Funds Weigh In On TTM Technologies
Several large investors have recently added to or reduced their stakes in TTMI. Kenfarb & CO. purchased a new stake in shares of TTM Technologies in the fourth quarter worth approximately $30,000. Quadrant Capital Group LLC raised its position in TTM Technologies by 345.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,564 shares of the technology company’s stock valued at $32,000 after buying an additional 1,988 shares during the last quarter. Larson Financial Group LLC bought a new position in TTM Technologies during the 2nd quarter valued at $49,000. Counterpoint Mutual Funds LLC boosted its holdings in TTM Technologies by 236.9% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 6,172 shares of the technology company’s stock worth $91,000 after acquiring an additional 4,340 shares during the last quarter. Finally, KBC Group NV bought a new stake in shares of TTM Technologies in the 2nd quarter worth $113,000. Institutional investors own 95.83% of the company’s stock.
About TTM Technologies
TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale of printed circuit boards (PCBs) worldwide. The company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.
- Get a free copy of the StockNews.com research report on TTM Technologies (TTMI)
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