The latest announcement is out from TT Electronics ( (GB:TTG) ).
TT Electronics announced significant management changes and a business update. Peter France has stepped down as CEO, with Eric Lakin appointed as acting CEO. The company is seeking an interim CFO and exploring options for its underperforming Components segment. The Board is deploying external resources to improve operations at its Cleveland facility, aiming to stabilize the company’s financial and operational footing and enhance shareholder value.
More about TT Electronics
TT Electronics is a global provider of engineered electronics for performance-critical applications, focusing on high-growth markets such as healthcare, aerospace, defense, electrification, and automation. The company invests in R&D to create reliable, mission-critical products, including sensors, power management, and connectivity solutions, with design and manufacturing facilities in the UK, North America, and Asia.
YTD Price Performance: -23.77%
Average Trading Volume: 797,748
Technical Sentiment Signal: Strong Buy
Current Market Cap: £138.5M
For detailed information about TTG stock, go to TipRanks’ Stock Analysis page.