TT Electronics (LON:TTG) Sets New 12-Month Low - Should You Sell?

TT Electronics plc (LON:TTG - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as GBX 80 ($1.04) and last traded at GBX 82 ($1.06), with a volume of 698471 shares traded. The stock had previously closed at GBX 86 ($1.12).

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut TT Electronics to a "hold" rating and cut their price target for the stock from GBX 260 ($3.37) to GBX 100 ($1.30) in a research note on Tuesday, September 17th.

TT Electronics Price Performance

The company has a 50 day simple moving average of GBX 115.73 and a 200-day simple moving average of GBX 141.54. The stock has a market cap of £141.83 million, a price-to-earnings ratio of -1,171.43, a PEG ratio of 0.60 and a beta of 0.95. 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 declared a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 12th were given a dividend of GBX 2.25 ($0.03) per share. This represents a dividend yield of 1.62%. The ex-dividend date was Thursday, September 12th. TT Electronics's payout ratio is -10,000.00%.

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.