Tata Motors (TTM) Trading Down 5.3%
Tata Motors Limited (NYSE:TTM) shares dropped 5.3% during trading on Friday . The stock traded as low as $12.40 and last traded at $12.42. Approximately 1,779,703 shares were traded during trading, an increase of 9% from the average daily volume of 1,632,807 shares. The stock had previously closed at $13.11.
TTM has been the topic of several research analyst reports. Zacks Investment Research raised Tata Motors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 1st. ValuEngine lowered Tata Motors from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Bank of America lowered Tata Motors from a “buy” rating to a “neutral” rating in a research report on Friday, February 8th. Finally, Nomura reaffirmed a “neutral” rating on shares of Tata Motors in a research report on Friday, February 8th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Tata Motors has a consensus rating of “Hold”.
The stock has a market capitalization of $8.87 billion, a P/E ratio of 5.29, a P/E/G ratio of -4.16 and a beta of 1.51. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.55.
Several large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in shares of Tata Motors by 24.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,664 shares of the company’s stock valued at $117,000 after purchasing an additional 1,901 shares during the period. Lindbrook Capital LLC acquired a new position in shares of Tata Motors in the fourth quarter valued at approximately $32,000. Westside Investment Management Inc. increased its holdings in shares of Tata Motors by 1,450.0% in the fourth quarter. Westside Investment Management Inc. now owns 3,100 shares of the company’s stock valued at $38,000 after purchasing an additional 2,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Tata Motors by 43.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,200 shares of the company’s stock valued at $264,000 after purchasing an additional 5,200 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Tata Motors by 18.9% in the third quarter. Bank of New York Mellon Corp now owns 38,105 shares of the company’s stock valued at $586,000 after purchasing an additional 6,048 shares during the period. 7.62% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: “Tata Motors (TTM) Trading Down 5.3%” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/tata-motors-ttm-trading-down-5-3/2910709.html.
About Tata Motors (NYSE:TTM)
Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers cars, sports vehicles, trucks, buses, and defence vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates, such as axles and transmissions for commercial vehicles; and factory automation equipment.
Further Reading: Understanding each part of a balance sheet
Receive News & Ratings for Tata Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tata Motors and related companies with MarketBeat.com's FREE daily email newsletter.