TAT Technologies (NASDAQ:TATT) Upgraded at StockNews.com

StockNews.com upgraded shares of TAT Technologies (NASDAQ:TATT) from a hold rating to a buy rating in a research report released on Tuesday morning.

TAT Technologies Price Performance

NASDAQ:TATT opened at $11.89 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 2.40 and a debt-to-equity ratio of 0.14. TAT Technologies has a 52 week low of $5.35 and a 52 week high of $13.75. The stock’s 50-day moving average price is $12.09 and its 200-day moving average price is $10.73. The stock has a market capitalization of $120.12 million, a PE ratio of 23.78 and a beta of 0.82.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings results on Wednesday, March 6th. The aerospace company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $31.84 million for the quarter. TAT Technologies had a return on equity of 5.75% and a net margin of 4.11%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TAT Technologies stock. Meitav Investment House Ltd. bought a new position in shares of TAT Technologies Ltd. (NASDAQ:TATT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 410,000 shares of the aerospace company’s stock, valued at approximately $4,218,000. Meitav Investment House Ltd. owned 4.60% of TAT Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 15.13% of the stock is owned by institutional investors and hedge funds.

TAT Technologies Company Profile

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.