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TT Electronics (LON:TTG) Share Price Passes Above 50 Day Moving Average - Here's What Happened

TT Electronics logo with Computer and Technology background

TT Electronics plc (LON:TTG - Get Free Report)'s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 101.02 ($1.26) and traded as high as GBX 105.20 ($1.31). TT Electronics shares last traded at GBX 103 ($1.28), with a volume of 135,399 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank cut shares of TT Electronics to a "hold" rating and decreased their price objective for the stock from GBX 260 ($3.24) to GBX 100 ($1.25) in a report on Tuesday, September 17th.

Check Out Our Latest Research Report on TT Electronics

TT Electronics Stock Performance

The firm has a fifty day simple moving average of GBX 101.02 and a 200 day simple moving average of GBX 120.90. The company has a debt-to-equity ratio of 71.97, a current ratio of 2.26 and a quick ratio of 0.93. The company has a market cap of £180.84 million, a price-to-earnings ratio of -1,457.14, a P/E/G ratio of 0.60 and a beta of 0.95.

TT Electronics Company Profile

(Get Free Report)

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.

Further Reading

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