TT Electronics (LON:TTG) Cut to “Hold” at Berenberg Bank

Berenberg Bank lowered shares of TT Electronics (LON:TTG) to a hold rating in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has GBX 100 ($1.32) price target on the stock, down from their previous price target of GBX 260 ($3.43).

TT Electronics Stock Performance

LON:TTG opened at GBX 87 ($1.15) on Tuesday. The company has a quick ratio of 0.93, a current ratio of 2.26 and a debt-to-equity ratio of 71.97. The firm’s fifty day simple moving average is GBX 145.62 and its 200 day simple moving average is GBX 153.15. The stock has a market cap of £154.24 million, a P/E ratio of -1,242.86, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95. TT Electronics has a twelve month low of GBX 87 ($1.15) and a twelve month high of GBX 184 ($2.43).

TT Electronics Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 12th will be issued a GBX 2.25 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a yield of 1.62%. TT Electronics’s dividend payout ratio (DPR) is presently -10,000.00%.

About TT Electronics

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.