On May 21, TTM Technologies rose 5.26% in regular trading, trading at $178.22/share, with trading volume of approximately $36.24 million. The rally was driven by a continued broad-based rebound across the Electronic Manufacturing Services sector, coupled with the company's strong fundamental backdrop.
The EMS sector extended its recovery for a second consecutive session, with peers Fabrinet up 5.52%, Jabil Circuit up 2.89%, Flex Ltd up 2.31%, Sanmina up 1.45%, and Celestica up 1.27%. TTM Technologies had previously experienced a cumulative pullback exceeding 15% over several trading days as the sector weakened, and the current rebound reflects a broader industry-wide recovery.
On the fundamental side, TTM Technologies reported first-quarter revenue of approximately $846 million, representing a 30% year-over-year increase and a record quarterly result, with a book-to-bill ratio of 1.41. Second-quarter guidance projects net sales of $930 million to $970 million, also exceeding market expectations, providing strong support for the continued upward movement.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)