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

Shares of Tatton Asset Management plc (LON:TAM) fell 1% during trading on Tuesday . The stock 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.

Analysts Set New Price Targets

Separately, Peel Hunt reissued an “add” rating and set a GBX 720 target price 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, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 720.

Tatton Asset Management Stock Performance

The firm’s 50 day moving average price is GBX 656.59 and its two-hundred day moving average price is GBX 689.33. The company has a debt-to-equity ratio of 2.16, a quick ratio of 3.50 and a current ratio of 190.95. The firm 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.

Insider Transactions at Tatton Asset Management

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

About Tatton Asset Management

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.