TT Electronics (LON:TTG) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

TT Electronics plc (LON:TTG)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 123.43 ($1.55) and traded as low as GBX 103 ($1.30). TT Electronics shares last traded at GBX 105.50 ($1.33), with a volume of 113,068 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank downgraded shares of TT Electronics to a “hold” rating and cut their target price for the company from GBX 260 ($3.27) to GBX 100 ($1.26) in a research note on Tuesday, September 17th.

TT Electronics Stock Performance

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’s 50 day moving average is GBX 98.50 and its 200 day moving average is GBX 123.43. The firm has a market cap of £187.04 million, a price-to-earnings ratio of -1,507.14, a price-to-earnings-growth 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.