Tatton Asset Management (LON:TAM) Stock Price Down 1% – What’s Next?

Tatton Asset Management plc (LON:TAMGet Free Report) shares dropped 1% during trading on Tuesday . The stock traded as low as GBX 575 and last traded at GBX 580. Approximately 52,684 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 152,239 shares. The stock had previously closed at GBX 586.

Analyst Ratings Changes

Separately, Peel Hunt reissued an “add” rating and set a GBX 720 target price on shares of Tatton Asset Management in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 720.

Read Our Latest Stock Analysis on TAM

Tatton Asset Management Price Performance

The company has a market cap of £346.56 million, a P/E ratio of 20.72, a P/E/G ratio of 1.91 and a beta of 0.76. The stock has a 50-day simple moving average of GBX 654.83 and a 200 day simple moving average of GBX 688.51. The company has a debt-to-equity ratio of 2.16, a quick ratio of 3.50 and a current ratio of 190.95.

Insider Buying and Selling

In related news, insider Paul Hogarth sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of GBX 700, for a total value of £700,000. 18.78% of the stock is currently owned by company insiders.

Tatton Asset Management Company Profile

(Get Free Report)

Tatton Asset Management plc was founded by entrepreneur and current Chief Executive Officer, Paul Hogarth who had previously co-founded and developed the then largest IFA support services business in the UK, Bankhall. Paul’s vision in starting Tatton Asset Management was to create a range of services to power the UK’s leading financial advisers, facilitating expansion and enabling them to better service their clients. Tatton Asset Management offers on-platform only discretionary fund management, regulatory, compliance and business consulting services, as well as a whole of market mortgage provision, to Directly Authorised financial advisers across the UK.

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