TT Electronics (LON:TTG) Stock Crosses Below 200 Day Moving Average - Time to Sell?

TT Electronics plc (LON:TTG - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 90.87 ($1.20) and traded as low as GBX 73.80 ($0.98). TT Electronics shares last traded at GBX 75 ($0.99), with a volume of 3,528,213 shares trading hands.

Analyst Ratings Changes

Separately, Royal Bank of Canada downgraded shares of TT Electronics to a "sector perform" rating and lowered their target price for the company from GBX 140 ($1.86) to GBX 85 ($1.13) in a report on Tuesday, April 15th.

TT Electronics Trading Down 1.3 %

The stock has a market capitalization of £133.94 million, a price-to-earnings ratio of -10.50, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95. 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 business has a 50 day simple moving average of GBX 81.58 and a 200-day simple moving average of GBX 90.87.

TT Electronics (LON:TTG - Get Free Report) last released its quarterly earnings data on Thursday, April 10th. The company reported GBX 11 ($0.15) EPS for the quarter. TT Electronics had a negative return on equity of 4.73% and a negative net margin of 2.19%. On average, equities analysts predict that TT Electronics plc will post 16.7485822 earnings per share for the current year.

Insider Transactions at TT Electronics

In related news, insider Warren Tucker acquired 32,902 shares of the business's stock in a transaction dated Thursday, April 10th. The stock was bought at an average price of GBX 76 ($1.01) per share, for a total transaction of £25,005.52 ($33,133.06). Insiders own 9.06% of the company's stock.

TT Electronics Company Profile

TT Electronics is a global provider of engineered electronics for performance critical applications. TT engineers and manufactures electronic solutions enabling a safer, healthier and more sustainable world. TT benefits from enduring megatrends in structurally high-growth markets including healthcare, aerospace, defence, automation and electrification.

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