TT Electronics (LON:TTG) Stock Crosses Below 200-Day Moving Average – Here’s Why

TT Electronics plc (LON:TTGGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 118.95 ($1.45) and traded as low as GBX 89.60 ($1.09). TT Electronics shares last traded at GBX 89.60 ($1.09), with a volume of 364,139 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered shares of TT Electronics to a “hold” rating and dropped their price target for the stock from GBX 260 ($3.17) to GBX 100 ($1.22) in a research note on Tuesday, September 17th.

Get Our Latest Stock Analysis on TTG

TT Electronics Stock Performance

The stock has a fifty day moving average price of GBX 102.49 and a 200 day moving average price of GBX 118.95. The company has a current ratio of 2.26, a quick ratio of 0.93 and a debt-to-equity ratio of 71.97. The firm has a market cap of £165.59 million, a price-to-earnings ratio of -1,334.29, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95.

About TT Electronics

(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.

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