Tata Motors (TTM) Shares Gap Down to $13.11

Tata Motors Limited (NYSE:TTM) gapped down before the market opened on Wednesday . The stock had previously closed at $14.05, but opened at $13.11. Tata Motors shares last traded at $12.62, with a volume of 2457600 shares.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Tata Motors from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Deutsche Bank reiterated a “hold” rating on shares of Tata Motors in a report on Tuesday, March 26th. Nomura reiterated a “neutral” rating on shares of Tata Motors in a report on Friday, February 8th. Finally, Bank of America downgraded shares of Tata Motors from a “buy” rating to a “neutral” rating in a report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.00.

The company has a current ratio of 0.92, a quick ratio of 0.55 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $8.57 billion, a PE ratio of 5.28, a P/E/G ratio of -2.75 and a beta of 1.61.



Several institutional investors and hedge funds have recently added to or reduced their stakes in TTM. Bank of New York Mellon Corp boosted its position 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 worth $586,000 after acquiring an additional 6,048 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Tata Motors by 40.9% in the third quarter. Dimensional Fund Advisors LP now owns 922,925 shares of the company’s stock worth $14,197,000 after acquiring an additional 267,851 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of Tata Motors in the third quarter worth approximately $166,000. Vanguard Group Inc. boosted its position in shares of Tata Motors by 8.9% in the third quarter. Vanguard Group Inc. now owns 371,729 shares of the company’s stock worth $5,710,000 after acquiring an additional 30,483 shares during the last quarter. Finally, Vanguard Group Inc boosted its position in shares of Tata Motors by 8.9% in the third quarter. Vanguard Group Inc now owns 371,729 shares of the company’s stock worth $5,710,000 after acquiring an additional 30,483 shares during the last quarter. 7.51% 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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