TT Electronics (LON:TTG) Stock Crosses Above Two Hundred Day Moving Average of $156.54

TT Electronics plc (LON:TTG)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 156.54 ($1.97) and traded as high as GBX 163 ($2.05). TT Electronics shares last traded at GBX 159 ($2.00), with a volume of 154,739 shares changing hands.

Wall Street Analyst Weigh In

TTG has been the subject of several research analyst reports. Numis Securities reaffirmed a “buy” rating and issued a GBX 260 ($3.26) price objective on shares of TT Electronics in a research report on Friday, March 8th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 260 ($3.26) price objective on shares of TT Electronics in a research report on Monday, March 11th.

TT Electronics Trading Down 0.9 %

The company’s fifty day moving average is GBX 150.70 and its two-hundred day moving average is GBX 156.54. The company has a debt-to-equity ratio of 74.42, a quick ratio of 0.93 and a current ratio of 2.06. The company has a market cap of £282.16 million, a price-to-earnings ratio of -5,300.00, a P/E/G ratio of 0.60 and a beta of 0.91.

TT Electronics Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be issued a GBX 4.65 ($0.06) dividend. This represents a yield of 3.33%. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from TT Electronics’s previous dividend of $2.15. TT Electronics’s dividend payout ratio is -23,333.33%.

Insider Buying and Selling

In related news, insider Mark Hoad sold 21,639 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of GBX 153 ($1.92), for a total value of £33,107.67 ($41,561.22). 7.42% of the stock is owned by corporate insiders.

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.