Tata Motors Limited (TTM) Stock Is At 1 Year Low Now

July 16, 2018 - By Victoria Pittman

Tata Motors Limited (NYSE:TTM) Logo

The stock of Tata Motors Limited (NYSE:TTM) hit a new 52-week low and has $17.86 target or 3.00 % below today’s $18.41 share price. The 9 months bearish chart indicates high risk for the $12.02 billion company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $17.86 price target is reached, the company will be worth $360.66M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 4.16% or $0.8 during the last trading session, reaching $18.41. About 1.64M shares traded. Tata Motors Limited (NYSE:TTM) has declined 41.71% since July 16, 2017 and is downtrending. It has underperformed by 54.28% the S&P500.

More recent Tata Motors Limited (NYSE:TTM) news were published by: Seekingalpha.com which released: “Wall Street Breakfast: Clock Ticks Down To Next Tariff Round” on July 05, 2018. Also Seekingalpha.com published the news titled: “Innergex Deserves To Trade At A Premium Valuation” on July 13, 2018. Seekingalpha.com‘s news article titled: “Featured Stocks In July’s Most Attractive/Most Dangerous Model Portfolios” with publication date: July 12, 2018 was also an interesting one.

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. The company has market cap of $12.02 billion. It operates through Automotive Operations and All Other Operations divisions. It has a 9.51 P/E ratio. The firm offers passenger cars, such as passenger cars; utility vehicles, including SUVs and multipurpose utility vehicles; light commercial vehicles comprising pickup trucks and small commercial vehicles; and medium and heavy commercial vehicles consisting of trucks, tractors, buses, tippers, multi-axle vehicles, dump trucks, tractor-trailers, mixers, and cargo vehicles, as well as related parts and accessories.

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