TT Electronics (LON:TTG) Shares Down 20.2% – Time to Sell?

by · The Cerbat Gem

Shares of TT Electronics plc (LON:TTG – Get Free Report) traded down 20.2% on Monday . The stock traded as low as GBX 101.60 and last traded at GBX 106.40. 6,424,903 shares traded hands during mid-day trading, an increase of 600% from the average session volume of 918,000 shares. The stock had previously closed at GBX 133.40.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upped their price objective on TT Electronics from GBX 98 to GBX 105 and gave the stock a “hold” rating in a report on Wednesday, September 24th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 96.

Get Our Latest Stock Analysis on TTG

TT Electronics Stock Down 1.9%

The firm’s 50 day moving average price is GBX 124.63 and its 200-day moving average price is GBX 110.32. 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 company has a market cap of £198.65 million, a P/E ratio of -2.97, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95.

TT Electronics (LON:TTG – Get Free Report) last posted its quarterly earnings results on Wednesday, September 24th. The company reported GBX 1.90 earnings per share for the quarter. TT Electronics had a negative net margin of 2.19% and a negative return on equity of 4.73%. As a group, equities research analysts expect that TT Electronics plc will post 16.7485822 EPS for the current year.

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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