Shares of Tata Motors Ltd. (NYSE:TTM) gapped up prior to trading on Friday . The stock had previously closed at $38.14, but opened at $38.18. Tata Motors shares last traded at $38.68, with a volume of 389,903 shares changing hands.

A number of research firms recently issued reports on TTM. Zacks Investment Research raised Tata Motors from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Credit Suisse Group AG downgraded Tata Motors from an “outperform” rating to a “neutral” rating in a research report on Monday, June 27th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Tata Motors presently has an average rating of “Hold” and a consensus price target of $33.49.

The firm has a 50-day moving average price of $36.37 and a 200 day moving average price of $30.39. The firm has a market cap of $26.28 billion and a PE ratio of 15.86.

The firm also recently declared an annual dividend, which was paid on Monday, July 18th. Shareholders of record on Monday, July 18th were issued a dividend of $0.012 per share. The ex-dividend date was Thursday, July 14th.

A hedge fund recently raised its stake in Tata Motors stock. Wells Fargo & Company MN raised its position in Tata Motors Ltd. (NYSE:TTM) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 360,263 shares of the company’s stock after buying an additional 37,379 shares during the period. Wells Fargo & Company MN owned 0.06% of Tata Motors worth $10,616,000 as of its most recent filing with the SEC.

Tata Motors Limited is an automobile company. The Company is engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. Its operating segments include automotive operations and all other operations.

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