TT Electronics (LON:TTG) Share Price Passes Below 200 Day Moving Average – Time to Sell?

TT Electronics plc (LON:TTG)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 125.17 ($1.56) and traded as low as GBX 101.50 ($1.27). TT Electronics shares last traded at GBX 103.50 ($1.29), with a volume of 3,119,690 shares traded.

Analyst Upgrades and Downgrades

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

TT Electronics Stock Up 0.7 %

The firm’s fifty day moving average is GBX 96.79 and its 200-day moving average is GBX 125.17. The company has a market capitalization of £184.77 million, a P/E ratio of -1,488.86, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95. The company has a debt-to-equity ratio of 71.97, a quick ratio of 0.93 and a current ratio of 2.26.

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.