TT Electronics (LON:TTG) Downgraded by Berenberg Bank

Berenberg Bank lowered shares of TT Electronics (LON:TTG) to a hold rating in a research note released on Tuesday, Marketbeat Ratings reports. Berenberg Bank currently has GBX 100 ($1.32) price objective on the stock, down from their prior price objective of GBX 260 ($3.43).

TT Electronics Stock Performance

Shares of TTG stock opened at GBX 87 ($1.15) on Tuesday. The company has a market capitalization of £154.24 million, a P/E ratio of -1,242.86, a PEG ratio of 0.60 and a beta of 0.95. TT Electronics has a fifty-two week low of GBX 87 ($1.15) and a fifty-two week high of GBX 184 ($2.43). 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 stock has a 50 day moving average price of GBX 145.62 and a two-hundred day moving average price of GBX 153.15.

TT Electronics Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 12th will be given a dividend of GBX 2.25 ($0.03) per share. The ex-dividend date is Thursday, September 12th. This represents a yield of 1.62%. TT Electronics’s payout ratio is currently -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.