Tatton Asset Management (LON:TAM) Stock Price Down 1% – Here’s What Happened

Tatton Asset Management plc (LON:TAM) traded down 1% on Tuesday . The company traded as low as GBX 575 and last traded at GBX 580. 52,684 shares changed hands during trading, a decline of 65% from the average session volume of 152,239 shares. The stock had previously closed at GBX 586.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reiterated an “add” rating and issued a GBX 720 price objective on shares of Tatton Asset Management in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Tatton Asset Management currently has a consensus rating of “Buy” and a consensus price target of GBX 720.

Tatton Asset Management Stock Down 1.0%

The company has a quick ratio of 3.50, a current ratio of 190.95 and a debt-to-equity ratio of 2.16. The company has a market cap of £353.88 million, a PE ratio of 21.16, a PEG ratio of 1.91 and a beta of 0.76. The company’s fifty day moving average is GBX 656.59 and its 200-day moving average is GBX 689.33.

Insider Buying and Selling

In related news, insider Lothar Mentel sold 9,049 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of GBX 683, for a total value of £61,804.67. Also, insider Paul Hogarth sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of GBX 700, for a total value of £700,000. Insiders own 18.78% of the company’s stock.

Tatton Asset Management Company Profile

Tatton Asset Management plc was founded by entrepreneur and current Chief Executive Officer, Paul Hogarth who had previously co-founded and developed the then largest IFA support services business in the UK, Bankhall. Paul’s vision in starting Tatton Asset Management was to create a range of services to power the UK’s leading financial advisers, facilitating expansion and enabling them to better service their clients. Tatton Asset Management offers on-platform only discretionary fund management, regulatory, compliance and business consulting services, as well as a whole of market mortgage provision, to Directly Authorised financial advisers across the UK.