Tatton Asset Management (LON:TAM) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Shares of Tatton Asset Management plc (LON:TAM) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 695.30 ($8.84) and traded as high as GBX 698 ($8.87). Tatton Asset Management shares last traded at GBX 698 ($8.87), with a volume of 10,130 shares trading hands.

Tatton Asset Management Stock Down 3.7 %

The company has a market capitalization of £402.19 million, a PE ratio of 3,323.81, a PEG ratio of 1.91 and a beta of 1.03. The company has a debt-to-equity ratio of 2.83, a quick ratio of 3.50 and a current ratio of 3.70. The stock’s 50 day moving average is GBX 695.30 and its 200 day moving average is GBX 680.15.

Tatton Asset Management Increases Dividend

The company also recently announced a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 21st were paid a GBX 9.50 ($0.12) dividend. The ex-dividend date was Thursday, November 21st. This is a boost from Tatton Asset Management’s previous dividend of $8.00. This represents a yield of 1.34%. Tatton Asset Management’s dividend payout ratio is currently 7,619.05%.

About Tatton Asset Management

Tatton Asset Management plc provides fund management, compliance consultancy, and technical support services to independent financial advisers in the United Kingdom. The company operates through two segments, Tatton and Paradigm. It also offers investment management, mortgage adviser support, and mortgage and insurance product distribution services.