TT Electronics (LON:TTG) Shares Up 1.3% – Here’s Why

Shares of TT Electronics plc (LON:TTG) rose 1.3% during trading on Tuesday . The stock traded as high as GBX 121.50 ($1.55) and last traded at GBX 120.50 ($1.54). Approximately 667,845 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 602,474 shares. The stock had previously closed at GBX 119 ($1.52).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut shares of TT Electronics to a “hold” rating and decreased their price objective for the stock from GBX 260 ($3.32) to GBX 100 ($1.28) in a report on Tuesday, September 17th.

TT Electronics Trading Up 1.3 %

The business’s fifty day simple moving average is GBX 95.50 and its two-hundred day simple moving average is GBX 127.24. 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 £213.63 million, a P/E ratio of -1,721.43, a P/E/G ratio of 0.60 and a beta of 0.95.

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.