TT Electronics (LON:TTG) Reaches New 12-Month Low at $85.60

Shares of TT Electronics plc (LON:TTG) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 85.60 ($1.13) and last traded at GBX 86 ($1.14), with a volume of 5817555 shares. The stock had previously closed at GBX 87 ($1.15).

Analysts Set New Price Targets

Separately, Berenberg Bank cut TT Electronics to a “hold” rating and reduced their target price for the stock from GBX 260 ($3.43) to GBX 100 ($1.32) in a research report on Tuesday, September 17th.

TT Electronics Stock Performance

The stock has a market capitalization of £152.47 million, a P/E ratio of -1,242.86, a PEG ratio of 0.60 and a beta of 0.95. The firm has a 50-day moving average of GBX 145.62 and a 200 day moving average of GBX 153.34. The company has a quick ratio of 0.93, a current ratio of 2.26 and a debt-to-equity ratio of 71.97.

TT Electronics Cuts Dividend

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