TT Electronics (LON:TTG) Share Price Passes Above 200 Day Moving Average of $155.57

TT Electronics plc (LON:TTG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 155.57 ($1.98) and traded as high as GBX 162.87 ($2.07). TT Electronics shares last traded at GBX 161.50 ($2.05), with a volume of 98,214 shares.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TTG. Jefferies Financial Group restated a “hold” rating and issued a GBX 165 ($2.10) target price on shares of TT Electronics in a report on Friday, April 12th. Berenberg Bank restated a “buy” rating and issued a GBX 260 ($3.30) target price on shares of TT Electronics in a report on Monday, March 11th. Finally, Numis Securities restated a “buy” rating and issued a GBX 260 ($3.30) target price on shares of TT Electronics in a report on Friday, March 8th.

TT Electronics Trading Down 0.1 %

The company has a quick ratio of 0.93, a current ratio of 2.06 and a debt-to-equity ratio of 74.42. The firm’s 50 day simple moving average is GBX 162.27 and its 200-day simple moving average is GBX 155.57. The company has a market capitalization of £285.80 million, a PE ratio of -4,037.50, a P/E/G ratio of 0.60 and a beta of 0.89.

TT Electronics Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th were paid a dividend of GBX 4.65 ($0.06) per share. This is an increase from TT Electronics’s previous dividend of $2.15. This represents a yield of 3.33%. The ex-dividend date of this dividend was Thursday, April 11th. TT Electronics’s payout ratio is currently -17,500.00%.

Insiders Place Their Bets

In other TT Electronics news, insider Mark Hoad sold 54,120 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of GBX 156 ($1.98), for a total transaction of £84,427.20 ($107,304.52). 7.42% of the stock is owned by insiders.

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.