TT Electronics plc (LON:TTG - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 84 ($1.09) and last traded at GBX 84.80 ($1.10), with a volume of 1833925 shares trading hands. The stock had previously closed at GBX 86.40 ($1.12).
Analysts Set New Price Targets
Separately, Berenberg Bank lowered shares of TT Electronics to a "hold" rating and cut their price target for the company from GBX 260 ($3.38) to GBX 100 ($1.30) in a research report on Tuesday, September 17th.
Read Our Latest Stock Report on TT Electronics
TT Electronics Trading Down 1.9 %
The firm's 50-day simple moving average is GBX 121.48 and its 200-day simple moving average is GBX 143.49. The company has a quick ratio of 0.93, a current ratio of 2.26 and a debt-to-equity ratio of 71.97. The firm has a market capitalization of £150.34 million, a PE ratio of -1,211.43, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95.
TT Electronics Cuts Dividend
The company also recently announced a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 12th were issued a dividend of GBX 2.25 ($0.03) per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 1.62%. TT Electronics's dividend payout ratio is currently -10,000.00%.
TT Electronics Company Profile
(
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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.
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