TAT Technologies (NASDAQ:TATT) Lowered to Hold at StockNews.com

StockNews.com downgraded shares of TAT Technologies (NASDAQ:TATT) from a buy rating to a hold rating in a report published on Thursday.

TAT Technologies Price Performance

NASDAQ TATT opened at $18.00 on Thursday. The stock has a 50-day simple moving average of $16.33 and a 200 day simple moving average of $14.49. TAT Technologies has a twelve month low of $6.99 and a twelve month high of $18.90. The stock has a market capitalization of $181.80 million, a PE ratio of 25.00 and a beta of 0.88. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 2.60.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings results on Wednesday, August 28th. The aerospace company reported $0.25 EPS for the quarter. TAT Technologies had a return on equity of 8.09% and a net margin of 5.49%. The company had revenue of $36.53 million during the quarter.

Institutional Trading of TAT Technologies

A hedge fund recently bought a new stake in TAT Technologies stock. Y.D. More Investments Ltd bought a new stake in TAT Technologies Ltd. (NASDAQ:TATT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned 0.87% of TAT Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 15.13% of the company’s stock.

About TAT Technologies

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.