TAT Technologies (NASDAQ:TATT) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of TAT Technologies (NASDAQ:TATT) from a buy rating to a hold rating in a report issued on Saturday morning.

TAT Technologies Stock Performance

NASDAQ:TATT opened at $22.78 on Friday. The stock has a 50-day moving average price of $19.18 and a 200 day moving average price of $16.43. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10. TAT Technologies has a 12-month low of $9.08 and a 12-month high of $24.29. The stock has a market capitalization of $230.08 million, a P/E ratio of 30.78 and a beta of 0.88.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings data on Wednesday, August 28th. The aerospace company reported $0.25 earnings per share (EPS) for the quarter. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%. The firm had revenue of $36.53 million for the quarter.

Institutional Inflows and Outflows

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

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.