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.

Tata Motors (NYSE:TTM) last released its quarterly earnings results on Thursday, February 7th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.31). The firm had revenue of $10.91 billion for the quarter, compared to analyst estimates of $11.03 billion. Tata Motors had a positive return on equity of 3.13% and a negative net margin of 8.55%. On average, research analysts predict that Tata Motors Limited will post 0.98 earnings per share for the current fiscal year.

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.

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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.

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