TT Electronics (LON:TTG) Shares Down 11% – What’s Next?

TT Electronics plc (LON:TTG) shares fell 11% during mid-day trading on Thursday . The stock traded as low as GBX 91 ($1.15) and last traded at GBX 105.50 ($1.33). 2,244,120 shares changed hands during trading, an increase of 269% from the average session volume of 608,427 shares. The stock had previously closed at GBX 118.50 ($1.50).

Analysts Set New Price Targets

Separately, Berenberg Bank downgraded TT Electronics to a “hold” rating and reduced their price objective for the stock from GBX 260 ($3.28) to GBX 100 ($1.26) in a research report on Tuesday, September 17th.

TT Electronics Price Performance

The stock has a market cap of £189.70 million, a P/E ratio of -1,528.57, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95. The company has a current ratio of 2.26, a quick ratio of 0.93 and a debt-to-equity ratio of 71.97. The company’s fifty day simple moving average is GBX 96.22 and its 200-day simple moving average is GBX 126.67.

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.