TT Electronics (LON:TTG) Reaches New 1-Year Low – Here’s Why

TT Electronics plc (LON:TTG) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 84 ($1.09) and last traded at GBX 84.80 ($1.10), with a volume of 1833925 shares trading hands. The stock had previously closed at GBX 86.40 ($1.12).

Analysts Set New Price Targets

Separately, Berenberg Bank cut TT Electronics to a “hold” rating and lowered their target price for the stock from GBX 260 ($3.38) to GBX 100 ($1.30) in a report on Tuesday, September 17th.

TT Electronics Stock Performance

The stock has a market capitalization of £153.89 million, a P/E ratio of -1,200.00, a P/E/G ratio of 0.60 and a beta of 0.95. The stock has a 50 day simple moving average of GBX 120.14 and a two-hundred day simple moving average of GBX 143.07. The company has a quick ratio of 0.93, a current ratio of 2.26 and a debt-to-equity ratio of 71.97.

TT Electronics Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 12th were issued a dividend of GBX 2.25 ($0.03) per share. The ex-dividend date was Thursday, September 12th. This represents a yield of 1.62%. TT Electronics’s payout ratio is -10,000.00%.

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.