Zacks Investment Research Lowers TT Electronics (OTCMKTS:TTGPF) to Hold

TT Electronics (OTCMKTS:TTGPF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “TT electronics plc manufactures electronic and electrical components for the automotive, telecommunication and industrial engineering sectors. Its operating segment includes Transportation Sensing and Control, Industrial Sensing and Control, Advanced Components and Integrated Manufacturing Services segments. The company’s products include electronic components and systems, electrical cables, uninterruptible power supplies and generators. TT electronics plc is based in Woking, the United Kingdom. “

Separately, Berenberg Bank reaffirmed a “buy” rating on shares of TT Electronics in a research report on Friday.

Shares of TT Electronics stock traded up $0.10 during trading on Tuesday, hitting $3.50. The stock had a trading volume of 1,250 shares, compared to its average volume of 3,566. The stock has a 50 day simple moving average of $3.17 and a 200 day simple moving average of $2.91. TT Electronics has a 1 year low of $1.27 and a 1 year high of $3.69.

TT Electronics Company Profile

TT Electronics plc provides engineered electronics for performance critical applications in the industrial, medical, aerospace and defense, and transportation markets worldwide. The company operates in three divisions: Sensors and Specialist Components, Power and Connectivity, and Global Manufacturing Solutions.

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