TT Electronics (LON:TTG) Trading 1.3% Higher - Time to Buy?

TT Electronics plc (LON:TTG - Get Free Report)'s share price was up 1.3% during trading on Tuesday . The company traded as high as GBX 121.50 ($1.55) and last traded at GBX 120.50 ($1.54). Approximately 667,845 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 602,474 shares. The stock had previously closed at GBX 119 ($1.52).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut shares of TT Electronics to a "hold" rating and lowered their price target for the company from GBX 260 ($3.32) to GBX 100 ($1.28) in a report on Tuesday, September 17th.

TT Electronics Price Performance

The firm has a market cap of £210.09 million, a PE ratio of -1,697.86, a price-to-earnings-growth 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. The stock has a 50 day moving average price of GBX 95.50 and a two-hundred day moving average price of GBX 127.24.

About TT Electronics

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.