TT Electronics (LON:TTG) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

TT Electronics plc (LON:TTG)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 125.17 ($1.57) and traded as low as GBX 101.50 ($1.28). TT Electronics shares last traded at GBX 103.50 ($1.30), with a volume of 3,119,690 shares.

Analyst Ratings Changes

Separately, Berenberg Bank lowered shares of TT Electronics to a “hold” rating and decreased their target price for the stock from GBX 260 ($3.27) to GBX 100 ($1.26) in a research report on Tuesday, September 17th.

TT Electronics Stock Performance

The company has a market capitalization of £188.81 million, a price-to-earnings ratio of -1,521.43, a P/E/G ratio of 0.60 and a beta of 0.95. The company has a debt-to-equity ratio of 71.97, a quick ratio of 0.93 and a current ratio of 2.26. The stock’s 50-day moving average price is GBX 97.29 and its 200-day moving average price is GBX 124.88.

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.