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.
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.
Further Reading: Oversold
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