Tatton Asset Management (LON:TAM) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Tatton Asset Management plc (LON:TAM)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 594.54 and traded as low as GBX 578. Tatton Asset Management shares last traded at GBX 594, with a volume of 43,274 shares changing hands.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 875 price target on shares of Tatton Asset Management in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Tatton Asset Management currently has a consensus rating of “Buy” and a consensus target price of GBX 797.50.

Tatton Asset Management Stock Performance

The company has a current ratio of 190.95, a quick ratio of 3.50 and a debt-to-equity ratio of 2.16. The stock has a fifty day moving average price of GBX 594.54 and a 200-day moving average price of GBX 650.85. The firm has a market capitalization of £359.98 million, a price-to-earnings ratio of 21.52, a PEG ratio of 1.91 and a beta of 0.72.

Insider Buying and Selling

In other Tatton Asset Management news, insider Paul Edwards purchased 17,855 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were acquired at an average cost of GBX 560 per share, for a total transaction of £99,988. Also, insider Paul Hogarth purchased 73,200 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average price of GBX 625 per share, for a total transaction of £457,500. Corporate 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.