Tata Motors Limited (NYSE:TTM) shares were down 5.8% during mid-day trading on Monday . The stock traded as low as $12.68 and last traded at $12.74. Approximately 1,397,600 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 1,652,198 shares. The stock had previously closed at $13.52.
Several research analysts recently issued reports on TTM shares. Zacks Investment Research upgraded shares of Tata Motors from a “sell” rating to a “hold” rating in a research report on Saturday, January 26th. Nomura reiterated a “neutral” rating on shares of Tata Motors in a report on Friday, February 8th. Deutsche Bank reiterated a “hold” rating on shares of Tata Motors in a report on Tuesday, March 26th. Finally, Bank of America lowered shares of Tata Motors from a “buy” rating to a “neutral” rating in a report on Friday, February 8th. One equities research 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’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.00.
The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.55 and a current ratio of 0.92. The firm has a market capitalization of $8.65 billion, a PE ratio of 5.37, a P/E/G ratio of -2.77 and a beta of 1.61.
Tata Motors Company Profile (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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