(TTMI) TTM Technologies - Ratings and Ratios

TTM Technologies Inc (NASDAQ:TTMI) is a leading global manufacturer of complex printed circuit boards (PCBs) and radio frequency (RF) components, serving a diverse range of industries, including aerospace and defense, data center computing, automotive, medical, and industrial. The companys product portfolio includes a wide range of engineered systems, RF and microwave assemblies, and custom assemblies, as well as value-added services such as design for manufacturability and simulation and testing services.

The companys operations are divided into two main segments: PCB and RF&S Components. The PCB segment produces a variety of printed circuit boards, including high-density interconnect (HDI) PCBs, flexible PCBs, and rigid-flex PCBs. The RF&S Components segment manufactures RF components, including passive RF components, advanced ceramic RF components, and hi-reliability multi-chip modules. TTM Technologies products are used in a range of applications, including radar systems, communication systems, and electronic assemblies.

TTM Technologies has established itself as a key player in the electronic manufacturing services (EMS) industry, with a strong track record of delivering high-quality products and services to its customers. The companys customer base includes original equipment manufacturers (OEMs), electronic manufacturing services providers, original design manufacturers (ODMs), distributors, and government agencies. With its global presence and diversified product portfolio, TTM Technologies is well-positioned to capitalize on emerging trends in the technology sector.

Analyzing the , we can see that TTMIs stock price has been trending upwards, with the short-term SMA20 at $31.07 and the long-term SMA200 at $23.21. The ATR indicates a moderate level of volatility, with a 3.25% average true range. Given the current price at $36.58, which is also the 52-week high, we can expect a potential consolidation or correction in the near term.

From a fundamental perspective, TTM Technologies has a market capitalization of $3.677 billion and a P/E ratio of 47.61, indicating a relatively high valuation. However, the companys return on equity (RoE) is 5.01%, which is a moderate level of return. Considering the and , our forecast is that TTMIs stock price will experience a short-term correction, potentially down to the SMA20 level at $31.07, before resuming its upward trend. This is based on the stocks strong technicals, including its position above the SMA20 and SMA50, and its fundamental strengths, including its diversified product portfolio and global presence.