Media stories about TTM Technologies (NASDAQ:TTMI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TTM Technologies earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.5874398052059 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- $639.54 Million in Sales Expected for TTM Technologies, Inc. (TTMI) This Quarter (americanbankingnews.com)
- TTM Technologies (TTMI) Cut to Strong Sell at Zacks Investment Research (americanbankingnews.com)
- Needham & Company LLC Cuts TTM Technologies (TTMI) Price Target to $20.00 (americanbankingnews.com)
- TTM Technologies (TTMI) Price Target Lowered to $18.00 at Stifel Nicolaus (americanbankingnews.com)
TTM Technologies (NASDAQ:TTMI) opened at $15.80 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.29 and a current ratio of 1.70. The stock has a market cap of $1,620.00, a price-to-earnings ratio of 15.49 and a beta of 1.70. TTM Technologies has a fifty-two week low of $12.76 and a fifty-two week high of $19.54.
A number of brokerages have commented on TTMI. JPMorgan Chase & Co. restated an “overweight” rating and set a $20.00 price target (down previously from $22.00) on shares of TTM Technologies in a research note on Thursday, February 8th. BidaskClub lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Zacks Investment Research downgraded shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. SunTrust Banks assumed coverage on shares of TTM Technologies in a report on Thursday, December 14th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Needham & Company LLC cut their price objective on shares of TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $19.50.
In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction on Friday, December 15th. The shares were sold at an average price of $16.10, for a total transaction of $48,300.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 28.40% of the stock is owned by insiders.
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About TTM Technologies
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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