TTM Technologies Hits 52-Week High (TTMI)

Shares of TTM Technologies, Inc. TTMIare currently up 20.8% at $13.77 per share during Friday morning trading. Today's trading range for shares of TTM Technologies, Inc has been between $13.00 and a 52-week high of $13.81 per share. The consensus price target of analysts covering the company's stock is $14.00 per share. Volume of 1 million shares is already more than double the daily average volume of 436,000 shares. TTM Technologies, Inc. (TTMI) released financial results after the market closed on Thursday that beat Wall Street estimates. TTM Technologies, Inc reported 3rd quarter earnings of 43 cents per share, on revenue of $357.8 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 28 cents per share, on revenue of $350.22 million. President and CEO Kent Alder said, "Both our North American and Asian facilities continue to experience solid backlogs and high levels of capacity utilization. Our scale, diversified customer base and end markets, as well as the strategic initiatives we have taken to date to enhance operating efficiencies, have combined to drive better results. All of these factors increase our confidence in our position for long-term growth." Read more from Benzinga's Company news.