Zacks Investment Research Downgrades TT Electronics (OTCMKTS:TTGPF) to Sell

Zacks Investment Research cut shares of TT Electronics (OTCMKTS:TTGPF) from a hold rating to a sell rating in a research report sent to investors on Friday, 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. “

TTGPF stock opened at $2.61 on Friday. The firm has a 50 day simple moving average of $2.84. TT Electronics has a 12-month low of $2.55 and a 12-month high of $3.15.

TT Electronics Company Profile

TT Electronics plc provides engineered electronics for performance critical applications worldwide. The company operates in industries where there are structural growth drivers, working with customers in industrial, medical, aerospace and defense, and transportation sectors. It designs and manufactures various products, including sensors, power management devices, and connectivity solutions.

Further Reading: Short Selling

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