TT Electronics (LON:TTG) Stock Price Down 11% - Here's Why

TT Electronics plc (LON:TTG - Get Free Report)'s stock price traded down 11% during mid-day trading on Thursday . The company traded as low as GBX 91 ($1.16) and last traded at GBX 105.50 ($1.35). 2,244,120 shares changed hands during mid-day trading, an increase of 269% from the average session volume of 608,427 shares. The stock had previously closed at GBX 118.50 ($1.51).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut shares of TT Electronics to a "hold" rating and dropped their price objective for the stock from GBX 260 ($3.32) to GBX 100 ($1.28) in a research note on Tuesday, September 17th.

TT Electronics Stock Performance

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 50-day moving average price of GBX 95.90 and a two-hundred day moving average price of GBX 126.94. The firm has a market cap of £191.47 million, a PE ratio of -1,471.43, a P/E/G ratio of 0.60 and a beta of 0.95.

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.