TT Electronics (LON:TTG) Sets New 52-Week Low – Time to Sell?

TT Electronics plc (LON:TTG)’s stock price hit 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 trading hands. The stock had previously closed at GBX 74.40 ($0.96).

Wall Street Analyst Weigh In

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

TT Electronics Stock Up 1.6 %

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 company has a market cap of £132.61 million, a price-to-earnings ratio of -1,051.43, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95. The business has a 50-day simple moving average of GBX 96.98 and a 200-day simple moving average 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.