TT Electronics (LON:TTG) Hits New 52-Week Low – Here’s Why

TT Electronics plc (LON:TTG)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 72.80 ($0.94) and last traded at GBX 74 ($0.95), with a volume of 782785 shares. The stock had previously closed at GBX 74.40 ($0.96).

Analyst Ratings Changes

Separately, Berenberg Bank lowered shares of TT Electronics to a “hold” rating and cut their price objective for the company from GBX 260 ($3.35) to GBX 100 ($1.29) in a report on Tuesday, September 17th.

TT Electronics Price Performance

The firm has a market cap of £132.61 million, a PE ratio of -1,051.43, 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 96.98 and a two-hundred day moving average price of GBX 134.63.

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.