TTM Technologies (TTMI) has risen sharply, recording gains of 26.23% in the past 4 weeks. However, the stock has corrected -2.29% 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 24.94% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 9.85% and the 50-Day Moving Average is 22.71%. TTM Technologies (NASDAQ:TTMI): On Fridays trading session , Opening price of the stock was $10.29 with an intraday high of $10.32. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.23. However, the stock managed to close at $10.25, a loss of 0.39% for the day. On the previous day, the stock had closed at $10.29. The total traded volume of the day was 1,075,826 shares.
The company Insiders own 28.4% of TTM Technologies shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -28.55% . Institutional Investors own 71.08% of TTM Technologies shares. During last six month period, the net percent change held by insiders has seen a change of -28.55%. Also, Stifel Nicolaus maintains its view on TTM Technologies (NASDAQ:TTMI) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Stifel Nicolaus raises the price target from $9.5 per share to $11 per share on TTM Technologies . 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.