TT Electronics plc (LON:TTG – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 80 ($1.04) and last traded at GBX 82 ($1.06), with a volume of 698471 shares changing hands. The stock had previously closed at GBX 86 ($1.12).
Analysts Set New Price Targets
Separately, Berenberg Bank cut shares of TT Electronics to a “hold” rating and lowered their price objective for the company from GBX 260 ($3.37) to GBX 100 ($1.30) in a research report on Tuesday, September 17th.
Get Our Latest Analysis on TTG
TT Electronics Stock Performance
TT Electronics Cuts Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 12th were paid a dividend of GBX 2.25 ($0.03) per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 1.62%. TT Electronics’s dividend payout ratio (DPR) is presently -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.
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