TT Electronics (LON:TTG) Stock Price Down 33.2%

Shares of TT Electronics plc (LON:TTG) traded down 33.2% during trading on Monday . The company traded as low as GBX 89.20 ($1.17) and last traded at GBX 94.37 ($1.23). 5,174,073 shares changed hands during mid-day trading, an increase of 1,277% from the average session volume of 375,823 shares. The stock had previously closed at GBX 141.21 ($1.85).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 260 ($3.40) target price on shares of TT Electronics in a research report on Monday, August 19th.

TT Electronics Price Performance

The company has a market capitalization of £167.31 million, a price-to-earnings ratio of -2,028.57, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95. The company has a 50-day moving average price of GBX 151.75 and a 200-day moving average price of GBX 154.91. 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 Cuts Dividend

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