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Tata Motors Ltd (NYSE:TTM) Shares Gap Down on Disappointing Earnings

Tata Motors Ltd (NYSE:TTM) Shares Gap Down on Disappointing Earnings

A favorite tool among technical stock analysts is the moving average.

Institutional investors have recently made changes to their positions in the stock. FMR LLC increased its stake in Tata Motors by 16.5% in the fourth quarter. Russell Investments Group Ltd. now owns 1,171,094 shares of the company's stock worth $41,754,000 after buying an additional 34,967 shares during the last quarter.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Tata Motors Ltd (TTM) stands at 9.84 while the industry's and the sector's growth for next 5 years ticked at 3.22 and 3.99 respectively. Sumitomo Life Insurance Co. now owns 8,650 shares of the company's stock worth $308,000 after buying an additional 2,500 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Tata Motors by 439.5% in the first quarter. Financial Counselors Inc. now owns 10,372 shares of the company's stock worth $342,000 after buying an additional 193 shares during the period. Finally, Highbridge Capital Management LLC bought a new stake in shares of Tata Motors during the fourth quarter worth about $1,930,000. The company's institutional ownership is monitored at 0 percent. A total of 4.52 Million shares exchanged at hands and its Average Volume (3 months) is 1.19 Million. The stock touched 52-week High of $44.79 on 09/07/16 and 52-week Low of $31.71 on 12/02/16. The company has a market capitalization of $21.39 billion, a PE ratio of 22.42 and a beta of 2.26.

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Tata Motors (NYSE:TTM) last announced its quarterly earnings results on Wednesday, August 9th. As compared to our previous check the volume of traded stocks remained the same as yesterday's stocks while the volume weighted average price went up 0.55 points. Finally, Airain ltd acquired a new position in Tata Motors during the second quarter worth $2,436,000.

The 14-day ADX for Tata Motors Ltd - DVR (TATAMTRDVR.BO) is now at 32.25.

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TTM has been the subject of a number of analyst reports.

Morgan Stanley has downgraded Tata Motors (NYSE:TTM) from Overweight to Equal-Weight in a statement released on 08/10/2017. Credit Suisse downgraded the stock to "Neutral" rating in Monday, June 27 report. BidaskClub lowered Tata Motors from a "hold" rating to a "sell" rating in a research note on Wednesday, July 5th. The stock of Tata Motors Limited (ADR) (NYSE:TTM) has "Buy" rating given on Monday, January 11 by Stifel Nicolaus. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of "Hold" and a consensus target price of $43.50.

In related news, Director Carlos Yong purchased 300,000 shares of the firm's stock in a transaction on Tuesday, June 13th. $10.25's average target is -65.97% below currents $30.12 stock price.

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Needle moving action has been spotted in Tata Motors Ltd - DVR (TATAMTRDVR.BO) as shares are moving today on volatility -0.77% or -1.70 from the open. The Firm is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company.