TT Electronics (LON:TTG) Hits New 1-Year Low at $87.00

TT Electronics plc (LON:TTG)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 87 ($1.15) and last traded at GBX 89.40 ($1.18), with a volume of 4320566 shares trading hands. The stock had previously closed at GBX 97.20 ($1.28).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut TT Electronics to a “hold” rating and decreased their target price for the company from GBX 260 ($3.43) to GBX 100 ($1.32) in a research report on Tuesday.

TT Electronics Stock Performance

The company has a market capitalization of £157.43 million, a P/E ratio of -1,268.57, a PEG 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 company has a fifty day moving average price of GBX 148.36 and a two-hundred day moving average price of GBX 153.98.

TT Electronics Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, September 12th will be issued a dividend of GBX 2.25 ($0.03) per share. This represents a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, September 12th. TT Electronics’s dividend payout ratio (DPR) is currently -10,000.00%.

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.