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

Tatton Asset Management plc (LON:TAM) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 709.19 and traded as low as GBX 685.76. Tatton Asset Management shares last traded at GBX 686, with a volume of 65,022 shares changing hands.

Tatton Asset Management Stock Performance

The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.50 and a current ratio of 3.36. The company has a market capitalization of £424.95 million, a PE ratio of 23.16, a PEG ratio of 1.91 and a beta of 0.72. The company has a 50 day moving average price of GBX 711.47 and a 200 day moving average price of GBX 649.62.

Tatton Asset Management (LON:TAM) last issued its quarterly earnings results on Tuesday, June 16th. The company reported GBX 36.06 earnings per share (EPS) for the quarter. The business had revenue of GBX 5,444 million during the quarter. Tatton Asset Management had a net margin of 34.61% and a return on equity of 33.94%. Equities analysts forecast that Tatton Asset Management plc will post 26.0903733 EPS for the current year.

Insider Activity

In related news, insider Pippa Hamnett purchased 601 shares of Tatton Asset Management stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price of GBX 656 per share, with a total value of £3,942.56. Also, insider Lothar Mentel sold 751 shares of Tatton Asset Management stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of GBX 698, for a total value of £5,241.98. 18.94% of the stock is currently owned by insiders.

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.