Tata Motors Ltd. (TTM) Shares Gap Down to $37.53
Tata Motors Ltd. (NYSE:TTM)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $37.50, but opened at $37.53. Tata Motors shares last traded at $37.62, with a volume of 924,697 shares trading hands.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Tata Motors from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Credit Suisse Group AG downgraded shares of Tata Motors from an “outperform” rating to a “neutral” rating in a research note on Monday, June 27th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Tata Motors currently has an average rating of “Hold” and an average price target of $33.49.
The firm has a market capitalization of $25.56 billion and a PE ratio of 15.49. The stock’s 50-day moving average is $35.37 and its 200-day moving average is $29.43.
The company also recently announced an annual dividend, which was paid on Monday, July 18th. Shareholders of record on Monday, July 18th were paid a dividend of $0.012 per share. The ex-dividend date of this dividend was Thursday, July 14th.
An institutional investor recently raised its position in Tata Motors stock. Wells Fargo & Company MN boosted its position in Tata Motors Ltd. (NYSE:TTM) by 11.6% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent quarter.
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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