Tata Motors (NYSE:TTM) Shares Up 6.3%

Tata Motors Limited (NYSE:TTM)’s stock price shot up 6.3% during trading on Wednesday . The stock traded as high as $9.52 and last traded at $9.49, 3,379,200 shares were traded during trading. An increase of 108% from the average session volume of 1,626,541 shares. The stock had previously closed at $8.93.

Several research analysts recently weighed in on the stock. ValuEngine cut shares of Tata Motors from a “hold” rating to a “sell” rating in a report on Monday, July 29th. Zacks Investment Research cut shares of Tata Motors from a “buy” rating to a “strong sell” rating in a report on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company has an average rating of “Hold” and an average price target of $17.00.

The firm has a market capitalization of $6.27 billion, a PE ratio of 45.80, a PEG ratio of -2.89 and a beta of 1.49. The firm’s fifty day moving average is $8.69 and its two-hundred day moving average is $12.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.85 and a quick ratio of 0.58.

Tata Motors (NYSE:TTM) last released its quarterly earnings results on Thursday, July 25th. The company reported ($0.78) earnings per share for the quarter. Tata Motors had a negative return on equity of 4.54% and a negative net margin of 10.13%. The firm had revenue of $8.95 billion for the quarter. As a group, equities research analysts predict that Tata Motors Limited will post 0.97 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in TTM. Geode Capital Management LLC purchased a new position in Tata Motors during the fourth quarter worth about $236,000. Dimensional Fund Advisors LP boosted its stake in Tata Motors by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,018,715 shares of the company’s stock valued at $12,431,000 after acquiring an additional 95,790 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in Tata Motors by 137.5% in the first quarter. Cornerstone Advisors Inc. now owns 2,520 shares of the company’s stock valued at $32,000 after acquiring an additional 1,459 shares during the last quarter. Greenleaf Trust purchased a new position in Tata Motors in the first quarter valued at about $166,000. Finally, Thomas White International Ltd. boosted its stake in Tata Motors by 32.2% in the first quarter. Thomas White International Ltd. now owns 149,484 shares of the company’s stock valued at $1,878,000 after acquiring an additional 36,386 shares during the last quarter. Institutional investors and hedge funds own 6.04% of the company’s stock.

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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