TT Electronics (LON:TTG) Shares Pass Below 200-Day Moving Average – What’s Next?

TT Electronics plc (LON:TTG) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 132.21 ($1.68) and traded as low as GBX 100.50 ($1.27). TT Electronics shares last traded at GBX 104 ($1.32), with a volume of 1,701,580 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank downgraded TT Electronics to a “hold” rating and decreased their target price for the company from GBX 260 ($3.30) to GBX 100 ($1.27) in a research note on Tuesday, September 17th.

TT Electronics Trading Down 1.5 %

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 stock has a market capitalization of £181.69 million, a P/E ratio of -1,485.71, a P/E/G ratio of 0.60 and a beta of 0.95. The business’s fifty day simple moving average is GBX 92.39 and its two-hundred day simple moving average is GBX 132.21.

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.