Tatton Asset Management (LON:TAM) Shares Down 0.6% – Here’s What Happened

Tatton Asset Management plc (LON:TAM)’s stock price dropped 0.6% on Friday . The stock traded as low as GBX 686 and last traded at GBX 696. 47,248 shares changed hands during trading, a decline of 74% from the average daily volume of 179,899 shares. The stock had previously closed at GBX 700.

Tatton Asset Management Stock Performance

The company has a quick ratio of 3.50, a current ratio of 3.36 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average of GBX 719.39 and a 200-day moving average of GBX 650.20. The company has a market cap of £422.52 million, a P/E ratio of 23.03, a PEG ratio of 1.91 and a beta of 0.72.

Tatton Asset Management (LON:TAM) last announced its quarterly earnings results on Tuesday, June 16th. The company reported GBX 36.06 EPS for the quarter. Tatton Asset Management had a return on equity of 33.94% and a net margin of 34.61%.The firm had revenue of GBX 5,444 million for the quarter. As a group, sell-side analysts anticipate that Tatton Asset Management plc will post 26.0903733 EPS for the current fiscal year.

Insider Activity at Tatton Asset Management

In other Tatton Asset Management news, insider Pippa Hamnett acquired 601 shares of Tatton Asset Management stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average price of GBX 656 per share, with a total value of £3,942.56. Also, insider Lothar Mentel bought 1,390 shares of the stock in a transaction on Monday, July 6th. The shares were bought at an average price of GBX 733 per share, with a total value of £10,188.70. Company insiders own 18.94% 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.