TT Electronics (LON:TTG) Stock Passes Below Two Hundred Day Moving Average of $150.75

TT Electronics plc (LON:TTG)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 150.75 ($2.02) and traded as low as GBX 91 ($1.22). TT Electronics shares last traded at GBX 95.60 ($1.28), with a volume of 631,417 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered TT Electronics to a “hold” rating and cut their target price for the company from GBX 260 ($3.48) to GBX 100 ($1.34) in a report on Tuesday, September 17th.

TT Electronics Stock Performance

The company has a market cap of £168.43 million, a price-to-earnings ratio of -1,365.71, 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 fifty day simple moving average of GBX 138.51 and a 200 day simple moving average of GBX 150.75.

TT Electronics Cuts Dividend

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

About TT Electronics

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.