TT Electronics (LON:TTG) Share Price Passes Below 200 Day Moving Average of $150.75

TT Electronics plc (LON:TTG) shares passed 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 changing hands.

Analysts Set New Price Targets

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

TT Electronics Stock Performance

The firm’s fifty day moving average price is GBX 138.51 and its 200-day moving average price is GBX 150.75. The company has a market cap of £168.43 million, a P/E ratio of -1,365.71, a P/E/G ratio of 0.60 and a beta of 0.95. The company has a current ratio of 2.26, a quick ratio of 0.93 and a debt-to-equity ratio of 71.97.

TT Electronics Cuts Dividend

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