Tatton Asset Management (LON:TAM) Stock Price Breaks Below 200 Day Moving Average - Here's Why

Key Points

• Tatton Asset Management shares fell below their 200-day moving average, trading as low as GBX 650 before last trading at GBX 654, below the GBX 654.82 long-term average.
• Analysts remain bullish: Berenberg reaffirmed a “Buy” rating with an GBX 820 target, while the consensus rating is “Buy” with an average target of GBX 805.
• Insiders sold shares recently, including 20,000 shares sold by Paul Edwards for £133,000; company insiders still own 18.93% of the stock.

Tatton Asset Management plc (LON:TAM - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 654.82 and traded as low as GBX 650. Tatton Asset Management shares last traded at GBX 654, with a volume of 454,446 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 820 price target on shares of Tatton Asset Management in a research report on Thursday, October 15th. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of GBX 805.

Tatton Asset Management Stock Performance

The firm's 50 day moving average is GBX 669.23 and its 200 day moving average is GBX 654.82. 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 stock has a market cap of £397.23 million, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 1.91 and a beta of 0.72.

Insider Buying and Selling

In other news, insider Lothar Mentel sold 751 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of GBX 698, for a total transaction of £5,241.98. Also, insider Paul Edwards sold 20,000 shares of Tatton Asset Management stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of GBX 665, for a total value of £133,000. Corporate insiders own 18.93% 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.

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