Tata Motors Limited (TTM) Posts Quarterly Earnings Results
Tata Motors Limited (NYSE:TTM) issued its quarterly earnings data on Monday. The company reported $1.38 EPS for the quarter, ARN reports.
Tata Motors Limited (NYSE:TTM) traded up 7.51% on Monday, hitting $41.11. The stock had a trading volume of 2,978,085 shares. Tata Motors Limited has a 52-week low of $21.75 and a 52-week high of $42.83. The stock has a 50-day moving average of $40.39 and a 200-day moving average of $36.61. The company has a market cap of $26.464 billion and a price-to-earnings ratio of 10.76.
On the ratings front, analysts at Morgan Stanley downgraded shares of Tata Motors Limited from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 21st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Tata Motors Limited has a consensus rating of “Buy”.
Tata Motors Limited is an automobile company. Through its other subsidiary, the Company is engaged in providing engineering and automotive solutions, construction equipment manufacturing, automotive vehicle components manufacturing and supply chain activities, machine tools and factory automation solutions, high-precision tooling and plastic and electronic components for automotive and computer applications, and automotive retailing and service operations.
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