TT Electronics (LON:TTG) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

TT Electronics plc (LON:TTG)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 101.02 ($1.26) and traded as high as GBX 105.20 ($1.32). TT Electronics shares last traded at GBX 103 ($1.29), with a volume of 135,399 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered TT Electronics to a “hold” rating and dropped their target price for the company from GBX 260 ($3.25) to GBX 100 ($1.25) in a research report on Tuesday, September 17th.

TT Electronics Stock Performance

The firm has a market capitalization of £183.50 million, a P/E ratio of -1,478.57, a P/E/G ratio of 0.60 and a beta of 0.95. The company has a debt-to-equity ratio of 71.97, a current ratio of 2.26 and a quick ratio of 0.93. The firm has a 50-day moving average price of GBX 101.02 and a two-hundred day moving average price of GBX 120.90.

TT Electronics Company Profile

TT Electronics plc provides design-led advanced electronics technologies for performance critical applications in the healthcare, aerospace and defense, and automation and electrification markets in the United Kingdom, Rest of Europe, North America, Asia, and internationally. The company operates through three segments: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components.