BidaskClub Downgrades TTM Technologies (NASDAQ:TTMI) to Strong Sell

TTM Technologies (NASDAQ:TTMI) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday, BidAskClub reports.

Several other research firms have also commented on TTMI. Needham & Company LLC restated a “hold” rating on shares of KLA-Tencor in a research report on Tuesday, May 7th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research lowered Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Finally, TheStreet lowered WESCO International from a “b-” rating to a “c+” rating in a research report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. TTM Technologies presently has an average rating of “Hold” and an average target price of $23.00.

Shares of TTM Technologies stock opened at $9.67 on Friday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 7.67 and a beta of 2.53. TTM Technologies has a fifty-two week low of $8.49 and a fifty-two week high of $19.91. The company has a quick ratio of 1.74, a current ratio of 1.92 and a debt-to-equity ratio of 1.21. The stock has a 50 day simple moving average of $9.52.



TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. TTM Technologies had a return on equity of 13.44% and a net margin of 5.71%. The business had revenue of $620.20 million during the quarter, compared to analyst estimates of $628.46 million. Equities research analysts predict that TTM Technologies will post 0.36 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Mercantile Trust Co. acquired a new stake in shares of TTM Technologies in the first quarter valued at $26,000. Versant Capital Management Inc raised its stake in shares of TTM Technologies by 566.3% in the first quarter. Versant Capital Management Inc now owns 2,885 shares of the technology company’s stock valued at $33,000 after acquiring an additional 2,452 shares in the last quarter. Resources Investment Advisors Inc. acquired a new stake in shares of TTM Technologies in the first quarter valued at $34,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of TTM Technologies in the first quarter valued at $70,000. Finally, Cipher Capital LP acquired a new stake in shares of TTM Technologies in the fourth quarter valued at $112,000.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.

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