TT Electronics (LON:TTG) Stock Crosses Below 200 Day Moving Average – Should You Sell?

TT Electronics plc (LON:TTG) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 132.21 ($1.68) and traded as low as GBX 100.50 ($1.27). TT Electronics shares last traded at GBX 104 ($1.32), with a volume of 1,701,580 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered shares of TT Electronics to a “hold” rating and dropped their price target for the stock from GBX 260 ($3.30) to GBX 100 ($1.27) in a research report on Tuesday, September 17th.

TT Electronics Stock Down 1.5 %

The company has a market cap of £181.69 million, a P/E ratio of -1,485.71, a PEG ratio of 0.60 and a beta of 0.95. 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 business’s 50 day moving average price is GBX 92.39 and its 200-day moving average price is GBX 132.21.

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.