TTM Technologies (TTMI) Shares are Down -0.98%

TTM Technologies (TTMI) has risen sharply, recording gains of 25.15% in the past 4 weeks. However, the stock has corrected -0.98% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 24.68% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

TTM Technologies Inc. is up 45.21% in the last 3-month period. Year-to-Date the stock performance stands at 55.91%. The stock has recorded a 20-day Moving Average of 2.65% and the 50-Day Moving Average is 18.09%.


TTM Technologies (NASDAQ:TTMI): The stock opened at $10.49 on Friday but the bulls could not build on the opening and the stock topped out at $10.55 for the day. The stock traded down to $10.10 during the day, due to lack of any buying support eventually closed down at $10.15 with a loss of -3.79% for the day. The stock had closed at $10.55 on the previous day. The total traded volume was 1,607,069 shares.

Also, Equity Analysts at the Brokerage Firm, Stifel Nicolaus, maintains their rating on the shares of TTM Technologies (NASDAQ:TTMI). Stifel Nicolaus has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $11 per share from a prior target of $9.5. The rating by the firm was issued on July 28, 2016.

TTM Technologies, Inc. is a provider of printed circuit board (PCB) products and backplane assemblies, which serve as the foundation of electronic products. The Company operates a total of 13 facilities in the United States and the Peoples Republic of China (China). It manages operations based on two geographic operating segments: Asia Pacific, which consists of five PCB fabrication plants, and North America, which consists of seven domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants, and one backplane assembly plant in Shanghai, China, which is managed in conjunction with its United States operations. It serves a range of customer base in various markets, including manufacturers of networking/communications infrastructure products, smartphones, and touchscreen tablets, as well as the aerospace and defense, high-end computing, and industrial/medical industries.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *